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...
The United Arab Emirates (UAE) strengthens its regulations to battle money laundering and terrorist financing effectively and comply with FATF’s requirements.
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said the UAE's leadership "is keen to develop the legislative and legal structure of the nation to ensure compliance with international standards on anti-money laundering and countering the financing of terrorism."...
The Ministry of Economy of the UAE has announced an extension to the Anti-money Laundering ...Read More Med Red Land Bridge inaugurates operations through EAPC Pipeline Network 05 Apr 2021 by admin Press Release Med-Red Land Bridge Company (MRLB) announced today that it has signed its fir...
Money laundering risks in the UAE.There are new issues to be considered by banks and senior management regarding money laundering risks in the UAE [ FROM AUTHOR]EBSCO_bspInternational Financial Law Review
Telr, in the execution of Payment Services, shall adhere to all pertinent laws and regulations, including but not limited to Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Know Your Customer (KYC) Regulations, Sanctions, Data Protection Laws, and any UAE Federal Law (includ...
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UAE joins Eurasian anti-money laundering group The country also holds observer status in the APG and a full member of the MENAFATF Government UAE President receives Afghan Ambassador During the meeting, Sheikh Mohamed welcomed Badruddin, wished him success in his new role Government Hamdan pay...
It also oversees the Financial Intelligence Unit (FIU), which is meant to fight terrorism financing and money laundering.2. Securities and Commodities Authority (SCA)Having been founded in 2000, the SCA oversees UAE securities markets outside of Dubai International Financial Centre (DIFC). It ...