Gold hub UAE is to restrict the movement of precious metals and stones and tighten suspicious banking reports in measures aimed at stemming criminal financial activities according to the recently established Executive Office to Combat Money Laundering and Terrorist Financing.

Financial institutions, businesses, and non-financial professions will be required to adopt these measures, particularly concerning high-risk countries.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!