#Anti-Money Laundering

UAE Central Bank

UAE Central Bank issues new guidance on transaction monitoring and sanctions screening

The guidance came into effect on Monday, September 13, with licensed financial institutions being given a month to demonstrate compliance

Dubai court money laundering

New court in Dubai to fight money laundering cases

It has been set up within the Court of First Instance and Court of Appeal

Dubai’s DFSA appoints F. Christopher Calabia as new chief

He will succeed Bryan Stirewalt with effect from October 1, 2021

UAE Central Bank fines individual Dhs600,000 under anti-money laundering law

The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank

Exchange house in UAE fined Dhs504,000 by Central Bank

The exchange house reportedly has a weak anti-money laundering and combating financing of terrorism compliance framework

UAE Central Bank imposes fines worth Dhs45.75m on 11 banks

The financial sanctions were imposed on January 24, 2021