It was placed on the grey list in 2022.Barbados, Gibraltar and Uganda were also removed from the grey list, while Kenya and Namibia were placed on it.The FATF, a global body that combats money …
The UAE’s Success in Combating Financial Crimes: A Testament to Global Collaboration and Commitment
The Financial Action Task Force (FATF), a prominent international organization tasked with combating money laundering and terrorism financing, recently commended the UAE for successfully fulfilling …
UAE successfully completes Financial Action Task Force recommendations
The Financial Action Task Force (FATF), the international organisation in charge of combatting money laundering and terrorism financing has announced the UAE’s completion of all 15 recommendations of …
UAE plays leading global role in combating financial crimes: Hamid Al Zaabi
Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT), said that the United Arab Emirates plays a leading global role in …
Ohio brothers charged with scamming victims out of $10 million, with one accused of falsely claiming to be a prince
His brother, Muzzammil, allegedly claimed to be a hedge fund manager, but the documents said he was not registered and his only education was from watching YouTube videos. The two are owners of Dubai …
UAE dropped from global watchdog’s illicit finance list in quick turnaround
The United Arab Emirates (UAE) on Friday was removed from a global financial watchdog’s “grey list” for countries that had not done enough to combat money laundering and terrorist financing, in a …
UAE praised for anti-money laundering efforts after completing 15-point FATF action plan and being removed from ‘grey list’
Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the UAE, and Chairman of the National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal …
UAE removed from Financial Action Task Force ‘grey list’
Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the UAE, and Chairman of the National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal …
Best places to work in UAE; Saudi tax warning; Oman announces holiday; Dubai real estate costs explained – 10 things you missed this week
UAE real estate market boost as finance giants offer cross-border payments for international property investors UAE property investors have been handed a financing boost, thanks to an international …
Egypt, UAE sign major investment deal for Ras al-Hikma peninsula
DUBAI, Feb 23 (Reuters) – Egypt signed on Friday an investment … said that it will buy an additional 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance for $1.1 billion. Travel company …
Aggregate capital, reserves of UAE banks surge to Dhs481.5b
The aggregate capital and reserves of banks operating in the UAE increased 13.3 percent, reaching Dhs481.5 billion by the end of November 2023 compared to Dhs424.9 billion at the end of the same …
How Dubai Expert Lost Dh8,400, Got Bank To Refund It After Online Scam
In a letter addressed to a UAE bank, Marie, a Filipina living in Sharjah, disputed the claim by the bank that“the fraudulent transactions were completed under contactless mode which was activated …
Dubai’s TECOM eyes acquisitions, new developments to meet demand
made its debut on the Dubai bourse in 2022 after raising AED 1.7 billion ($462 million) in an initial public offering (IPO). The company reported AED 1.078 billion in net profit for 2023, up by 49% …
Dubai: How to recover money lost to online scams and fraudulent transactions
A Dubai-based legal and financial expert, who has been helping residents recover money from online scams and debt traps, had fallen victim himself to a fraudulent transaction. But he was able to …
UAE ranks world’s fourth largest Islamic finance market
The CBUAE said in its UAE Islamic Finance Report 2023 that the Islamic finance sector grew by 11 percent in 2022 …
Dubai’s economy would grow by around 5% this year: Al Ghurair
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, predicted that Dubai’s economy would grow by around 5 percent this year. He mentioned that Dubai benefits from robust infrastructure, an …
Australia eyes UAE’s billions for critical minerals investments in trade talks
Trade Minister Don Farrell is optimistic short, sharp negotiations for a deal with the United Arab Emirates will unlock billions of dollars of investment in Australia’s critical minerals sector.