UAE introduces Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations
Anti-money laundering laws
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anti-money laundering
Bolstering a thriving economy: UAE’s exit from FATF grey list
It’s not a surprise that the UAE is off the grey list, but it does serve to elevate the nation’s global financial standing
anti-money laundering (AML)
UAE announces new entities to combat economic crimes, money laundering
The move intends to further the UAE’s financial stability and economic progress
anti-money laundering
Information technology: Changing the financial crime landscape
Fighting financial crime appears a daunting prospect, but technology can help
anti-financial crime
UAE on the global financial grey-list is a challenge for businesses to overcome
Concerns around the UAE’s grey listing are overblown
anti-financial crime
Everything you need to know about the UAE’s new anti-money laundering guidelines
The UAE has increasingly tightened measures against anti-money laundering and financial crimes including efforts to arrest the Gupta brothers
anti-money laundering
UAE issues anti-money laundering guide for ‘politically exposed persons’
Licensed financial institutions (LFIs) offering services to politically exposed persons (PEPs) have been asked to develop “risk-based policies”
Adu Dhabi
UAE judges discuss measures in fight against money laundering crimes
The Abu Dhabi Judicial Department (ADJD) met to support efforts in the UAE’s drive to reduce financial crimes
anti-financial crime
UAE inclusion on FATF ‘grey list’ unlikely to have major impact on economy, says S&P
The inclusion is unlikely to significantly affect the country as it is a net exporter of capital, the firm said
anti-financial crime
UAE has made positive strides in anti-money laundering, anti-financial crime: global watchdog
The UAE government has set up courts focused on financial crimes, established an entity that ensures better collaboration between the central bank and other authorities, and has announced a 9% corporate tax starting in 2023.
Anti-corruption
Correction: Saudi Arabia forbids transfer of funds to Saeed Mohammed Ali Al-Amoudi & Co
SAMA has urged that consumers review their dealings with the company
Anti-Money Laundering Centre
Police security units to be set up in Dubai’s schools
Five community and security initiatives approved at Leadership Strategic Retreat 20
Anti-money laundering laws
UK lawmakers expose loopholes in anti-money laundering bill
The law’s proponents say a public register will bring accountability to the opaque world of offshore finance
Anti-money laundering laws
Standard Chartered reaches $1.1bn settlement on Iran sanctions
The penalties also cover some $600m in US transactions from 2008 to 2014 that originated at Standard Chartered’s London and Dubai offices and went through its US branch
Anti-money laundering laws
UAE sets up new unit to probe illicit financial activity
New decree issued by UAE President establishes new measures to fight money laundering and financing of terrorism
Anti-money laundering laws
DIFC amends anti-money laundering law in bid to fight financial crime
The new rules will strengthen provisions on DIFC’s non-financial businesses to strike them off the register in the event of non-compliance