by PREMA Team | Jan 9, 2025 | AML
The Middle East and North Africa Financial Action Task Force (MENAFATF) has announced a new five-point strategic plan to strengthen regional efforts against money laundering and terrorist financing, as Jordan assumes the group’s presidency for 2025. The strategy,...
by PREMA Team | Dec 9, 2024 | AML, VAT
The UAE has charged 15 individuals accused of tax crimes and money laundering. Dr. Hamad Saif Al Shamsi, Attorney-General of the UAE, ordered the referral of 15 individuals of various Arab nationalities to the criminal court, including some who are in custody and...
by PREMA Team | Nov 25, 2024 | AML
By adopting cutting-edge digital solutions, the platform provides an integrated mechanism for verifying customer identities and ensuring compliance with regulations. This enhanced transparency in financial transactions, facilitated by the platform’s accurate and...
by PREMA Team | Sep 17, 2024 | AML
The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE. The decision is pursuant to its law on anti-money laundering and combating the financing of terrorism and illegal organisations. The CBUAE has fined the bank Dh5...
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...
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