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UAE: Not Complying to AML Rules Could Result In Dh5 Million Fine
April 28th, 2021 - 07:00 GMT

UAE: Not Complying to AML Rules Could Result In Dh5 Million Fine

The UAE passed an anti-money laundering and terrorism financing law in 2018. The UAE’s Ministry of Economy has begun to implement inspection campaigns to ensure targeted firms’ compliance with the registration procedures in line with the anti-money laundering regulations seeking to curb illicit flow of funds and all forms of transnational financial crimes. The launch of the inspection activity coincides with the expiry of a grace period up to April ...
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UAE Attempts to Combat Money Laundering With Fintech
May 7th, 2020 - 09:30 GMT

UAE Attempts to Combat Money Laundering With Fintech

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