by Jyotsna Bucktowar | Jul 2, 2025
The penalty was issued under Article 14 of the Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The sanction followed a regulatory examination which found that the bank had failed to comply...
by Jyotsna Bucktowar | Jun 19, 2025
This move aims to strengthen financial ties between the UAE and China and facilitate smoother, more cost-effective payments. However, as the volume and complexity of RMB transactions grow, so do the challenges associated with monitoring and preventing financial crimes...
by Jyotsna Bucktowar | May 28, 2025
The enforcement action which follows examinations revealing significant shortcomings in adherence to the UAE’s AML/CFT framework, signals the CBUAE’s increasingly assertive stance on regulatory compliance. This move underscores a stronger commitment to enforcing...
by Jyotsna Bucktowar | May 21, 2025
This landmark event highlights the vital connection between expanding financial inclusion and literacy and the urgent need to enhance financial crime prevention and consumer protection frameworks. By convening key stakeholders from government, financial institutions,...
by AdrianaAMLP | Jan 11, 2023
The Guidance will aid licensed FIs in evaluating risks and carrying out their legal AML/CFT requirements effectively, while considering the standards of the FATF. It covers identity verification, enrollment, and authentication methods with respect to LFIs’ usage of...
Recent Comments