Officials during the launch of anti-money laundering platform. WAM
The UAE has become the first country in the Gulf to launch a new reporting platform developed by the United Nations Office on Drugs and Crime (UNODC), to curb organised crimes.
The new anti-money laundering system platform named 'goAML' already went live in May and all financial entities being supervised by the UAE Central Bank have to register on this system by 27th June, the UAE Central Bank officials announced on Sunday in Abu Dhabi.
Of around 900 entities that are required to register on the platform, 50 percent of them have already registered, the officials added at a press conference.
The UAE’s Financial Intelligence Unit will use the platform to gather and analyse intelligence submitted by reporting entities, which then analysed and disseminated to law enforcement authorities.
The officials said that all the financial entities being supervised by the Central Bank, such as banks, insurance companies and money exchange centres have to register before the deadline.
In an effort to share its pioneering experience with the world, the Hamdan Bin Mohammed Smart University (HBMSU), showcased its “Global Benchmarking Framework and Data Set for Online, Open, Smart and Technology-enhanced Higher Education” while participating in the UnescoMobile Learning Week 2019, held recently in Paris.
The UAE called on the UN to hold Member States accountable for terrorism financing during a UN Security Council Open Debate on combating terrorism financing presided by France’s Foreign Minister Jean-Yves Le Drian.
The United Nations High Commissioner for Refugees, Filippo Grandi, has said that the Sharjah International Award for Refugee Advocacy and Support should be commended for making the refugee issue more relatable by bringing the human face of the crisis to the fore.
The UAE government has announced that the number of COVID-19 tests has broken the two million mark, reaching 2,044,493 screenings as part of the national plan to intensify coronavirus detection.
The two Philippine Overseas Labour Offices (POLOs) in the UAE have resumed the acceptance of new applicants for the one-time COVID19 pandemic-related cash aid to all displaced overseas Filipino workers (OFWs) around the world.
Technology doesn’t alone solve cyber-security challenges as processes and procedures are needed alongside continuous awareness campaigns to ensure that workplaces remain secure, said experts during an e-Discussion.
The two states on Monday joined the less populous Western Australia and South Australia states and the Northern Territory in resuming face-to-face learning, instead of studying from home online.