by Danissa Guotana | Feb 27, 2023 | AML
Dubai: The UAE reaffirmed its strong commitment and ongoing efforts in relation to AML/CFT, state news agency WAM reported on Friday. The country also welcomed the FATF announcement made on Friday during the second FATF Plenary under the two-year...
by Danissa Guotana | Feb 14, 2023 | AML, Business
The UAE’s Central Bank has announced a new programme to accelerate digital transformation in the financial services sector, with initiatives spanning open finance and a new digital currency. The Financial Infrastructure Transformation Programme also includes a...
by Danissa Guotana | Feb 3, 2023 | AML
The UAE Central Bank has imposed a fine of Dh1.8 million ($490,129) and stricter compliance requirements on a finance company for breaching the country’s laws on anti-money laundering and counter-terrorism financing (AML/CFT), and the organisation...
by Danissa Guotana | Jan 30, 2023 | AML
The UAE’s executive office of Anti-Money Laundering and Countering the Financing of Terrorism has held a roundtable discussion on public-private partnerships and ways to boost collaboration to combat financial crime. Conducted in partnership with the Royal...
by Danissa Guotana | Jan 17, 2023 | AML
The UAE Cabinet this week introduced a new regulation and an independent regulatory authority for virtual assets and virtual asset service providers – a move which marks the state’s first regulatory regime for the sector at the federal level.The UAE is poised to...
by Danissa Guotana | Jan 13, 2023 | AML
The UAE Central Bank has issued new guidelines for licenced financial institutions, including banks, finance companies, exchange houses and insurance companies, agents and brokers, to combat money laundering and the financing of terrorism. The new guidelines...
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