The Ministry called on the companies practicing such activities to enhance their awareness and knowledge on the risks of money laundering and keep pace with the government's efforts in this regard.
The Ministry of Economy (MoE) has called upon the business sector and Designated Non-Financial Businesses and Professions (DNFBPs) to expedite their registration in the Financial Intelligence Unit (goAML) and the Committee for Commodities Subject to
The office will be working on the implementation of the UAE’s National AML/CFT Strategy and National Action Plan (NAP).
The Executive Office will oversee the implementation of the UAE’s National AML/CFT Strategy and National Action Plan (NAP), the programme of reforms designed to strengthen the UAE’s anti-financial crime system.
A large number of PML-N workers were present in the premises of the high court. They kept chanting slogans in favour of their president and against the NAB and Prime Minister Imran Khan.
CBUAE’s examination findings revealed that the exchange house had a weak compliance framework to prevent money laundering and financing of terrorism.
The Federal Decree No. (20) of 2018 on anti-money laundering and countering the financing of terrorism is a fundamental pillar and contributes to raising the effectiveness of the legal and institutional framework of the nation to achieve desired results, in line with the requirements and recommendations of the Financial Action Task Force (FATF).
An official source in the Oversight and Anti-Corruption Authority stated that the authority, with the cooperation of the Saudi Central Bank, has initiated procedures on the issue.
The Court also ordered the seizure of the proceeds of the money laundering crime and the property of equivalent value, sentenced the two accused to pay an amount of Dhs501,000 as temporary compensation for the two companies claiming civil rights.
The Dubai Criminal Court on Wednesday heard the case of two Asians, a bank manager, and a 40-year-old housewife charged with nearly 20 charges including embezzlement, profiteering, forgery and money laundering of Dhs5.2 million from bank accounts.