The Central Bank of the United Arab Emirates issued a new anti-money laundering and counterterrorist financing guidance for licensed financial institutions that provide services to cash-intensive businesses.
The Dubai Financial Services Authority announced the enactment of an amended regulation, the Authorized Market Institutions Module Instrument (No. 310) 2021.
German authorities split over FIU’s approach, German finance minister to testify on FIU-related raid, and more, in the weekly roundup.
French lenders curtail Lebanese business over corruption, New Zealand fines derivatives trading firm more than $500,000 for AML failures, and more, in the midweek roundup.
The Central Bank of the United Arab Emirates imposed financial penalties totaling AED$17,311,000 against six exchange houses operating in the country.
The Dubai Financial Services Authority fined the former Dubai-based private equity firm CFO for his unauthorized activities and knowing involvement anti-money laundering violations.