by PREMA Team | Nov 28, 2023 | AML
The Central Bank of the UAE (CBUAE) on Tuesday lifted administrative measures imposed on a bank operating within the UAE. These measures were initially enacted in response to the bank’s non-compliance with the CBUAE’s directives regarding the appointment...
by admin | Nov 6, 2023 | AML
The Dubai Financial Services Authority (DFSA) has announced that a Dubai firm, FFA Private Bank has been fined AED1,373,122 ($370,000) for lack of adequate systems to identify, assess and report trading which indicated suspicions of market abuse....
by Danissa Guotana | Oct 6, 2023 | AML
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Wednesday said it imposed a penalty of $486,000 (Dh1.784 million) on money service provider Pyypl Ltd (Pyypl) for not adhering to anti-money laundering (AML) requirement. The...
by Danissa Guotana | Sep 21, 2023 | AML
The UAE seized and confiscated assets worth more than Dh1.3 billion ($354 million) from March to mid-July 2023, as it stepped up its fight against money laundering and the financing of terrorism, a top official said. The Emirates also issued fines totalling Dh199...
by Danissa Guotana | Sep 8, 2023 | AML
Authorities have suspended 50 companies in the UAE after they failed to register with the government’s anti-money laundering system. The Ministry of Economy froze the operations of the entities for the third quarter of 2023, state news agency Wam...
by Danissa Guotana | Aug 22, 2023 | AML
The UAE’s Ministry of Economy on Monday said it imposed administrative penalties on 225 companies with a total value of about Dh76.9 million this year to ensure compliance regarding combating money laundering and terror financing. It suspended 50 establishments also...
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