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...
by PREMA Team | Apr 4, 2025 | AML, Business
Abu Dhabi: The Central Bank of the UAE (CBUAE) has revoked the Dubai-based Dynamics Insurance Brokers license after an examination found the firm had failed to meet regulatory requirements. In a statement, the CBUAE said the decision was made under Article 22 (2) of...
by PREMA Team | Mar 26, 2025 | AML
The Central Bank of the United Arab Emirates (CBUAE) has levied financial sanctions worth AED2,621,000 on five banks and two insurance companies for failing to comply with international reporting standards. The sanctions stem from the institutions’ non-adherence to...
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