by Danissa Guotana | Aug 25, 2025 | AML
The Securities and Commodities Authority (SCA) has issued a fresh warning to investors against dealing with an individual and a Dubai-based company found to be operating without approval. In a notice published on its website, the regulator said Thoufeek Raja Abdul...
by PREMA Team | Aug 19, 2025 | AML
The UAE Central Bank has suspended the licence of insurance company Yas Takaful for non-compliance with the country’s regulatory framework, it said on Monday. “Yas Takaful remains liable for all rights and obligations arising from insurance contracts...
by PREMA Team | Aug 8, 2025 | AML
In a statement, the authority said the action was taken after CBUAE inspections revealed that the finance company had failed to comply with the “Market Conduct and Consumer Protection Regulations and Standards”. The authority did not reveal the name...
by PREMA Team | Jul 31, 2025 | AML
The Central Bank of the UAE (CBUAE) has suspended the motor insurance business of a foreign insurance company’s branch following the entity’s failure to meet solvency and guarantee requirements. The action was taken pursuant to Articles 33 and 44...
by PREMA Team | Jul 16, 2025 | AML
Dubai: In a landmark decision, the European Parliament approved removing the UAE from the EU’s list of high-risk countries for anti-money laundering (AML) and counter-terrorism financing (CFT) – and this is expected to ease compliance, speed up financial transactions,...
by PREMA Team | Jun 26, 2025 | AML
The Central Bank of the UAE has suspended the onboarding of new customers on the Islamic Window of a bank operating in the UAE, for six months and imposed a financial sanction of AED3,502,214 ($953,000). The move adheres to Article 137 of the Decretal...
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