by PREMA Team | Feb 26, 2025 | AML
ABU DHABI: The Securities and Commodities Authority (SCA) has taken stringent measures against several companies for violating regulations and non-compliance with anti-money laundering and counter-terrorism financing (AML/CFT) rules. The SCA announced a series of...
by PREMA Team | Feb 18, 2025 | AML
Hamid Al Zaabi, secretary general of the UAE’s National Anti-Money Laundering and Countering the Financing of Terrorism Committee, said the country had already engaged with the US and France on a strategy to fight financial crimes, including drug-related and fraud...
by PREMA Team | Jan 9, 2025 | AML
The Middle East and North Africa Financial Action Task Force (MENAFATF) has announced a new five-point strategic plan to strengthen regional efforts against money laundering and terrorist financing, as Jordan assumes the group’s presidency for 2025. The strategy,...
by PREMA Team | Dec 9, 2024 | AML, VAT
The UAE has charged 15 individuals accused of tax crimes and money laundering. Dr. Hamad Saif Al Shamsi, Attorney-General of the UAE, ordered the referral of 15 individuals of various Arab nationalities to the criminal court, including some who are in custody and...
by PREMA Team | Nov 25, 2024 | AML
By adopting cutting-edge digital solutions, the platform provides an integrated mechanism for verifying customer identities and ensuring compliance with regulations. This enhanced transparency in financial transactions, facilitated by the platform’s accurate and...
by PREMA Team | Sep 17, 2024 | AML
The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE. The decision is pursuant to its law on anti-money laundering and combating the financing of terrorism and illegal organisations. The CBUAE has fined the bank Dh5...
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