by admin | Nov 16, 2022 | AML
Two African men seized $200,000 (Dh734,620) by duping him with a deal of 33kg gold, worth $1,320,000 (Dh4,848,492). The Dubai Misdemeanours and Violations Court convicted and sentenced them to three months in prison and asked them to pay a fine of $200,000, in...
by admin | Nov 11, 2022 | AML
The Ministry of Economy has imposed Dh 2.25 million worth of fines on three companies after they were found to have violated certain provisions of the UAE’s anti-money laundering law. Two of these companies are operating in the gold and gemstones sector and one is in...
by admin | Oct 21, 2022 | AML
ABU DHABI, 17th October, 2022 (WAM) — The Executive Office of Anti-Money Laundering and Counterterrorism Financing (EO AML/CTF) delivered the latest in a series of training workshops for officials working in the field of combatting financial crime, titled...
by admin | Oct 7, 2022 | AML
The UAE has seized and confiscated assets worth more than Dh4.73 billion ($1.29bn) in the 12 months to the end of July as the Arab world’s second-largest economy steps up its fight against money laundering and the financing of terrorism. Assets worth Dh2.54bn were...
by admin | Sep 20, 2022 | AML
The Ministry of Economy (MoE) has published the regulations for responsible sourcing of gold on its website in both Arabic and English, as part of its continuing efforts to implement a stronger anti-money laundering and combating the financing of terrorism system in...
by admin | Sep 5, 2022 | AML
Five financial institutions have been fined by Abu Dhabi Global Market’s Financial Services Regulatory Authority for breaching reporting requirements. The FSRA has imposed penalties and administrative fees ranging from Dh30,000 to Dh119,000 ($8,169 to $32,403)...
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