DUBAI, Oct. 30 (Xinhua) -- United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed Al Nahyan issued on Tuesday Federal Decree Number 20 of 2018 on anti-money laundering and countering the financing of terrorism, UAE state news agency WAM reported. Sheikh Hamdan bin Rashid Al Maktoum, ...
The main objective of the Ministry's campaign is to intensify communication with this sector, to educate it about the dangers of money laundering; create awareness on the Federal Law regarding anti-money laundering; combat financing of terrorism and illegal outfits, and ensure its compliance with ...
UAE puts kibosh on money laundering.Reports on the introduction of the anti-Money Laundering Law by the United Arab Emirates Central Bank, on behalf of the Financial Action Task Force, with the legal assistance of Simmons & Simmons. Overview of the rules under the law.Malkin...
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Our Anti-Money Laundering (AML) and Sanctions e-learning programme is a mandatory course for all staff and requires a minimum pass rate of 80%. At FAB, we train our people on how to manage financial crime and provide risk assessment tools and models. ...
Under tight licensing rules, the DFSA supervises the Dubai International Financial Centre (DIFC) and guarantees brokers follow anti-money laundering (AML) rules and risk management systems. Regular audits and a dispute resolving system give investor protection top priority. The SCA controls more ...
Unregulated tokens currently fall outside the regulatory perimeter, meaning the buying and selling of cryptocurrencies does not require FCA authorization. However, anti-money laundering (AML) requirements still apply to unregulated tokens, and the UK financial promotions regime has also recentl...
The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, and ...
The 2017 law stated that all transactions involving these digital assets were to be made through authorized exchanges and had to comply with Anti-Money Laundering regulations set by the CBUAE. One can observe a regulatory focus on using virtual assets for illicit purposes. Interestingly enough, ...
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