Central-Bank passes new AML guidelines for PEP

CBUAE issues anti-money laundering guidelines related to ‘politically exposed persons’

These guidelines follow CBUAE’s recently introduced AML/ CFT guidance for licensed financial institutions on risks related to payments

Gross bank assets in May 2022 CBUAE

UAE: Gross banks’ assets in May reach Dhs3.442tn in May, reports CBUAE

CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May

CBUAE issues AML guidelines

Central Bank of UAE issues new guidelines on anti-money laundering

The new guidelines state that licensed financial institutions should have compliance programmes in place to mitigate payment-related risks

CBUAE quarterly review

Total invested assets in insurance sector rise 5.4% to Dhs77.8bn in Q1 2022: CBUAE

The total number of insurance policies issued increased year-on-year by 10.4 per cent in Q1 2022 to 2.3 million

CBUAE selects Accenture to develop UAE’s National Instant Payment Platform

The platform, which allows real-time payments and fund transfers round the clock, will support SMEs, larger companies and financial institutions

UAE banks avail Dhs44.72bn of TESS liquidity scheme by end July

A total of Dhs44.38bn has been withdrawn until end June