The Central Bank of the UAE (CBUAE) has issued new anti-money laundering and counter-terrorism financing (AML/CFT) guidelines for licensed financial institutions (LFIs), which include banks, finance companies, exchange houses, insurance companies, agents, and brokers. The guidelines focus on the use of digital ID mechanisms that LFIs should employ on an ongoing basis to perform customer ...

It witnessed the participation of 114 officers, all of which are linked to the UAE Executive Office for Combating Money Laundering and Terrorist Financing. An international diploma specialising in combatting money laundering and terrorist financing has been launched in Dubai. Based on the UN standards and mechanisms, the programme was created by the Dubai Police ...

LONDON (Reuters) – Two Czech nationals caught at London’s Heathrow airport bound for Dubai with 1.2 million pounds ($1.58 million) in their suitcases have been charged with money laundering, the British government said on Friday. The men aged 37 and 26 were stopped by border officials at 0900 GMT on Nov. 8. The banknotes were ...