EU removes UAE from ‘high-risk’ money-laundering list

The EU has removed the UAE from its high-risk money-laundering list. The European Commission has updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT)...

UAE imposes sanctions on 5 insurance brokers

The Central Bank of the UAE has imposed administrative and financial sanctions on five insurance brokers operating in the country, pursuant to Article (14) of the Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of...