In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia said the 28-country EU needed a "central supervisor" to tackle the flow of dirty money within the bloc's financial system.
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.
The arrest follows close cooperation between Danish and Emirati authorities per a recently signed bilateral extradition treaty in March 2022.
The inspections fined six DNFBP companies for their failure to adhere to the internal policies and controls established to combat crime; engaging in suspicious business relationships.
The guidance discusses the ML/TF relevant to life insurance and other investment-related insurance products, and how insurance operators can apply preventive measures to identify, assess, manage, and mitigate them.
Ahmed Ali Al Sayegh, Minister of State to the UAE Cabinet, welcomed the decision of the Asia/Pacific Group on Money Laundering Pleanry to grant observer status to the UAE.
The FIA action followed Hareem Shah's claim of smuggling thousands of British pounds abroad, while travelling from Jinnah International Airport Karachi to London without being checked anywhere at the Karachi airport. Her social media claim soon became viral.
The MoU includes enhancing cooperation and coordination in various areas, including facilitating information exchange related to financial crimes and suspicious cases through the establishment of an effective communication mechanism...
The CBUAE imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No.20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.