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)
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 Enforcement Directorate opened a LOC against the actor in the Sukesh Chandrasekar case.
Hessa Buhumaid stated that the law ensures that fundraising and donations reach eligible beneficiaries and achieves the principle of unifying federal and local efforts through coordination between the ministry and competent local authorities known by law as the "competent authority".
The UAE Public Prosecution has ordered a gang of nine members to be referred to the court after being found guilty of committing a money-laundering crime using the funds they collected from theft and fraud operations.
Convicts obtained money from theft and fraud operations. They used to issue SIM cards under workers’ names, open bank accounts and obtain ATM cards under their names.
Diploma consists of 19 scientific subjects that focus mainly on proving the crime of money laundering and efficiently tracking illegal assets and criminal proceeds asper the FATF standards.
Abbas, under the name "Ray Hushpuppi," had more than 2 million Instagram followers before he was arrested in 2020 in Dubai. His social media posts showed him living a life of luxury, complete with private jets, ultra-expensive cars and high-end clothes and watches.
The FIA booked Shahbaz and his sons Hamza and Suleman in November 2021 under sections of the Prevention of Corruption Act and Anti Money Laundering Act, Geo News reported. Suleman is absconding in the UK.