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Middle EastMay 2 2004

Keeping cash clean

His Excellency Sultan bin Nasser al Suwaidi, governor of the central bank of the UAE, tells Nick Kochan that the fight against money laundering is not new.
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Q How do you regard claims that Dubai is a centre for money laundering?

A It’s just a myth because there is no more money laundering in Dubai than anywhere else. Money that comes through the UAE on its way to Afghanistan or Pakistan comes from another market, which means other markets have to have greater control over their local affairs.

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