The agreement aims to enhance co-operation, co-ordination and information sharing between the DFSA and FIU to fulfill their respective obligations related to AML/CFT compliance
Rajesh and Atul Gupta were arrested in the UAE in June
The Dubai police made the arrests after receiving a red notice for the Gupta brothers from Interpol
The group comprised 72 Chinese nationals, one Jordanian, two Nigerians, two Cameroonians, one Ugandan and one Kenyan
An initial verdict has led to the conviction of two Saudi nationals and nine expatriates
The accused are charged with creating a fraudulent digital platform through which they engaged in illegal economic activities
Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m
The issuance of the violations and fines list supports the UAE’s efforts in combating money laundering crimes and financing of terrorism
The two men, who have not been named, reportedly took advantage of their position in the company and misused public funds
The accused, also involved in drug trafficking, were found guilty of using exchange houses to transfer illegal funds to Pakistan
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
The suspects are alleged to have committed crimes including money-laundering, hacking, scamming individuals, banking fraud and identity theft
The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday