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...
by PREMA Team | Jun 11, 2025 | AML
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)...
by PREMA Team | May 13, 2025 | AML
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...
by PREMA Team | Apr 24, 2025 | AML, Business
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on a bank operating in the UAE for failing to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures....
by PREMA Team | Apr 21, 2025 | AML
The Ministry of Economy has signed MoUs with several authorities, including the Economic Security Centre of Dubai and the Dubai Land Department. The move aims to strengthen the country’s regulatory framework, improve transparency and enhance the fight against...
Recent Comments