Belarus should be blacklisted by FATF and expelled from Egmont Group says head of Ukraine’s FIU
The head of the State Financial Monitoring Service of Ukraine (SFMSU) has called on the Financial Action Task Force (FATF) to recognise Belarus as a country proliferating weapons of mass destruction and place it on its so called black list of high-risk jurisdictions. Earlier this…
Penalties and fines from July as UAE seeks to impose beneficial ownership transparency
Penalties and fines of up to 100,000 dirhams (AED100,000 – US$27,223) are in the offing for UAE-based companies that fail to comply with reporting beneficial ownership information under new regulations that take effect on 1 July. The UAE has already launched a campaign to ensure…
