UAE publicises improvements in AML/CFT systems
One of the UAE’s most prominent political figures has put his name to an extensive article outlining what appear to be substantial changes to the emirates’ anti-money laundering and counter financing of terrorism (AML/CFT) systems. In 2020 the Financial Action Task Force (FATF) warned the…
UAE restricts trade in precious metals and stones and tightens suspicious banking reporting requirements
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…
