Jersey Royal Court imposes substantial fine for inadequate AML policies and procedures
In a rare decision on the Money Laundering (Jersey) Order 2008 (MLO)[1] the Royal Court (Court) has underscored the critical…
Legal
2649 articles found
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab…
UAE launches initiative for Islamic finance
UAE launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector. …
UAE doing too little to stem money laundering and terrorist finance: watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its…
Bank closes Jersey branch after £475,000 fine
THE Jersey branch of a global bank is closing down its business and leaving the Island after being fined £475,000…
Dubai regulator fines firm $600,000 for illegal activities
Serious and deliberate wrongdoing breached the prohibition against providing money services in or from the DIFC Firm’s activities increased risks…
Abu Dhabi 'Executive Regulation of Human Resources Law' released
The Abu Dhabi Human Resources Authority, HRA, announced on Sunday the release of the 'Executive Regulation of the Human Resources…
EY ordered to pay whistleblower $11m in Dubai gold audit case
A former partner at the accounting firm EY has been awarded $10.8m (£8.6m) in damages after being forced out of…
UAE's ADCB files criminal complaint against NMC officials
Abu Dhabi Commercial Bank, a key lender to NMC, has initiated criminal legal proceeding with the Attorney General in Abu…
Legal challenge seen in rush to cut pay in Kuwait
Among supporters and opponents of the idea of reducing salaries and benefits for senior officials in private sector as a…
UAE banking sector joins law enforcement agencies to fight fraud
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police and Dubai Police have launched the UAE’s first…
Global Financial Markets Regulatory Review – Dentons
Dentons presents the April 2020 edition of the Global Financial Markets Regulatory Review. This regularly published report provides key…