by PREMA Team | Sep 4, 2024 | AML
Former private banker Peter Georgiou has been fined $980,020 (about Dh3.6 million) for misleading conduct and his involvement in the violations of his former employer, Mirabaud (Middle East) Limited (MMEL), said the Dubai Financial Services Authority (DFSA). Georgiou,...
by PREMA Team | Sep 3, 2024 | AML
The United Arab Emirates (UAE) has taken a decisive step in strengthening its financial defenses with the introduction of a new Federal Decree-Law aimed at enhancing the country’s approach to anti-money laundering (AML) and combating the financing of...
by PREMA Team | Aug 30, 2024 | AML
ABU DHABI, 23rd February, 2024 (WAM) — Ahmed Jasim Al Zaabi, Chairman, Abu Dhabi Department of Economic Development (ADDED), said that the announcement of the Financial Action Task Force (FATF) on the UAE’s completion of all 15 recommendations of its...
by PREMA Team | Aug 13, 2024 | AML
The administrative sanction followed the findings of an examination conducted by the CBUAE in April 2022. Image: Shutterstock The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE. The sanction is...
by PREMA Team | Aug 12, 2024 | AML
The Government of the UAE has issued a Federal Decree-Law amending some provisions of the Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. In line with the ongoing development of the...
by PREMA Team | Mar 12, 2024 | AML
The UAE’s recent removal from the Financial Action Task Force’s (FATF) grey list has sparked widespread jubilation in the country’s business community, with experts lauding the move as a significant milestone that will bolster the UAE’s financial...
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