by AdrianaAMLP | May 20, 2025
The CBUAE emphasizes strict enforcement of AML/CFT standards, holding both institutions and individuals accountable. It aims to protect the UAE’s financial system through robust supervision and zero tolerance for regulatory breaches.
by Jyotsna Bucktowar | Feb 27, 2025
These strict actions underscore the SCA’s commitment to protecting investor rights and reinforcing the integrity of the UAE’s financial markets. Through its regulatory framework, the SCA aims to ensure accountability, transparency, and compliance,...
by Jyotsna Bucktowar | Feb 25, 2025
MSBG failed to develop and apply written compliance policies and procedures that are kept up to date. Following a compliance examination in 2023, this money services business in Vancouver, British Columbia, was imposed an administrative monetary penalty of $24,750 on...
by AdrianaAMLP | Feb 13, 2025
The violations include failing to develop and maintain up-to-date written compliance policies, with entity policies requiring senior officer approval. Other breaches involve not assessing and documenting ML/TF risks per prescribed factors and failing to conduct and...
by Jyotsna Bucktowar | Feb 6, 2025
Cash shop was fined for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations…
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