by Jyotsna Bucktowar | Jan 11, 2025
The leadership of the Middle East and North Africa Financial Action Task Force (MENAFATF), chaired by Her Excellency Samia Abu Sharif of Jordan, met with Vice-Chairman His Excellency Hamed Saif Al-Zaabi of the UAE to develop plans for implementing their joint...
by Jyotsna Bucktowar | Jan 8, 2025
Thailand is tightening its AML/CFT measures following a UN report linking its banks to weapons procurement. The Bank of Thailand and AMLO announced stricter customer verification, enhanced scrutiny for high-risk customers, and additional documentation requirements for...
by Jyotsna Bucktowar | Jan 8, 2025
The UAE’s “Falcon Economy” is thriving with strong foreign investment and major infrastructure projects. Concurrently, the country is advancing its Anti-Financial Crime (AFC) and AML efforts, including the upcoming release of its National Risk Assessment (NRA). Key...
by Jyotsna Bucktowar | Jan 7, 2025
The Bangladesh Financial Intelligence Unit has requested account details linked to Tulip Siddiq, her family, and her aunt Sheikh Hasina the former prime minister, following allegations of embezzlement of £3.9bn from Bangladesh’s infrastructure funds. Siddiq,...
by Jyotsna Bucktowar | Jan 7, 2025
Novo Banco has dismissed its chief risk officer, Carlos Jorge Ferreira Brandao following an internal investigation and reported concerns about his conduct to Portugal’s banking regulator. The bank also filed a complaint with the Public Prosecutor’s Office,...
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