United Arab EmiratesThe Central Bank of the United Arab Emirates published its 2020 annual report, focusing on strategic anti-money laundering and counterterrorist financing, financial technology and other priorities.
The Central Bank of the United Arab Emirates published guidance on suspicious transaction reporting for financial institutions under the anti-money laundering and counterterrorist financing rules.
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The Central Bank of the United Arab Emirates issued a AED$496,000 financial penalty against an exchange house operating in the jurisdiction for having a weak anti-money laundering and counterterrorist financing framework.
The Central Bank of the United Arab Emirates imposed a AED$600,000 fine on a non-authorized individual related to an exchange house operating in the country pursuant to the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism.
| Technical | Effectiveness |
|---|---|
| Compliant : 5 | High : |
| Largely Compliant : 15 | Substantial : |
| Partially Compliant : 18 | Moderate : |
| Non-Compliant : 11 | Low : |
| Rank : 37/141 |
| Score : 5.89/10 |
| Rank : 21/180 |
| Score : 71/100 |
| Rank : 10/133 |
| Score : 78/100 |