United Arab EmiratesWally Adeyemo, the Deputy Secretary of the U.S. Department of the Treasury, delivered remarks at a roundtable hosted by the United Arab Emirates Banks Federation, where he congratulated the UAE on its efforts to curtail money laundering and terrorist financing.
The Dubai Multi Commodities Centre announced that it hosted a training event in collaboration with the United Arab Emirates Ministry of Economy that aimed at enhancing the capacity of the precious metals industry in the fight against money laundering and terrorist financing.
U.K. lawmakers target legal entities in Northern Ireland, Hong Kong arrests 16 suspected money launderers, and more, in the midweek roundup.
Rabobank knew of AML shortcomings in 2014, suspected Bitfinex thieves seek plea deal, and more, in the midweek roundup.
The Central Bank of the United Arab Emirates imposed a AED352,000 fine on an unnamed exchange house for failing to achieve appropriate levels of compliance with anti-money laundering, counterterrorist financing, and sanctions obligations.
The Central Bank of the United Arab Emirates imposed an administrative fine of AED19.5 million against an unnamed financial institution for failing to take the necessary urgent actions to strengthen its anti-money laundering and financial sanctions compliance framework.
| Technical | Effectiveness |
|---|---|
| Compliant : 13 | High : 0 |
| Largely Compliant : 23 | Substantial : 1 |
| Partially Compliant : 4 | Moderate : 6 |
| Non-Compliant : 0 | Low : 4 |
The United Arab Emirates' technical compliance was re-rated in a Jan. 28, 2022 follow-up report.
| Rank : 37/141 |
| Score : 5.89/10 |
| Rank : 21/180 |
| Score : 71/100 |
| Rank : 10/133 |
| Score : 78/100 |