The Central Bank of the United Arab Emirates has penalized six exchange houses for flouting rules to combat money laundering and illicit financial flows.

The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold productive meetings with key partners to discuss AML/CFT matters.

The bank has effectively sounded the death knell for digital currencies in China.

Taking a strong stance against money laundering, the Central Bank of the UAE (CBUAE) has issued a new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs) that aims to promote anti-money laundering.

DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai Courts has announced. The specialized court will function within the Court of First Instance and Court of Appeal and its establishment is in line with the country’s visions to strengthen...

The court convicted not just these six Future Bank employees but the bank itself, the Central Bank of Iran, and other Iranian banks.

Israel-headquartered firm Windward has launched a system that provides live-screening and tracking of containers

French anti-corruption judges are probing money-laundering charges against Lebanon's central bank chief Riad Salameh

Top financial authorities in the UAE brought together public and private firms to help firm up the country’s anti-money-laundering policies They came together over two sessions to mull a sophisticated international financial crime compliance regime Top financial authorities in the United Arab Emirates came together recently to unite key supervisory...

  It will work as a reference for security agencies, the police, and other enforcement bodies in financial-crime probes It will reportedly also facilitate requests from other countries for information exchange to combat money-laundering and terrorist-financing     The United Arab Emirates has created a database of ownership information that...

the ministry held an extensive media briefing on the system for combating money laundering The session also briefed attendees on most important international obligations in this regard Violators of anti-money laundering or ultimate beneficial owner procedures may lead to administrative fines ranging from Dh 50,000 to Dh 1,000,000 ($2,72,249) in...

The companies must come clean by next month  The ultimatum was delivered by Safia Al-Safi, the director of the Anti-Money Laundering Department Looking to target companies involved in money laundering activities in the United Arab Emirates (UAE), the Anti-Money Laundering Department at the UAE Ministry of Economy has told the...

The companies were asked to speed up the amendment of their conditions to avoid penalties stipulated by the Federal Law The measures could lead to suspension of the license or closure of the facility itself The UAE Ministry of Economy (MoE) has called on establishments belonging to the Designated Non-Financial...