Speaking on the occasion, Alahmadi said, 'As the UAE is a global financial centre, we are committed to undertake all necessary actions and implement them to strengthen the AML/CFT framework of the UAE. We will continue to fight against money laundering and financing of terrorism with a stro...
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The new rules, which come into effect at the start of July, contribute to strengthening the supervisory and regulatory frameworks of the Central Bank to combat money laundering and the financing of terrorism”, UAE Central Bank Governor Khaled Balama. UAE Making Efforts to Be...
The participation of the Central Bank of the UAE was one of the key highlights of the event. While representatives from the Financial Intelligence Unit of the Central Bank held a special workshop on the use of UNODC’s goAML application, representatives from the institution’s Inspection Departme...
assess if it would still be advantageous to them. When appropriate for the size and nature of the organisation, Regulation 21 of the Money Laundering Regulations 2017 mandates the creation of an independent audit function. The first hurdle for the company is figuring out if they are big and di...
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we operate. We are committed to implement and continually improve effective ABMS to prevent bribery and corruption. We are very proud to work with industry experts towards implementing our corporate goals and this Certificate will bring significant trust and benefits to our organisation and industry....
“the UAE and particularly Dubai . . . were the leading haven for international corruption funds,” a conclusion Susan Hawley confirmedon this blog, writing that an “increasing numbers of corrupt money trails lead” to the UAE. Mozambique’s Prosecutor General reports that the UAEhas stone...
but resources remain high — New tools for law enforcement may give new case leads 7 WILMERHALE Anti-Corruption Enforcement Trends — Increased use of money laundering charges — Prioritization of large monetary settlements — Settlements reflect continued focus on high...