Abu Dhabi, UAE---The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for the Licensed Financial Institutions (LFIs) in the insurance sector comprising insurance and re-insurance companies, agents and brokers. The guidance, which comes into effect immediately, will...

Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies, adding the Kingdom is committed to combating the menace.

The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks related to Politically Exposed Persons (PEPs) or those who hold a prominent public position or function.. The guidance will help...

The UAE is the latest country to be added to the list, and will have to work closely with the FATF to get off it.

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 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...