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Central Bank Guidance to UAE Financial Institutions Banking Cash-Intensive Businesses

United Arab Emirates - January 17 2022 The Central Bank of the UAE (“CBUAE”) has issued new guidance (the “Guidance”) to UAE financial institutions providing services to cash-intensive…

Malak Abbas

UAE’s New Executive Office of AML/CFT and Dubai’s New Specialized Money Laundering Court

United Arab Emirates, United Kingdom - October 11 2021 On August 22, 2021, at the directive of His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice President and Prime Minister of the UAE and Ruler of…

Sanaa Bayyari

KSA Connections: September 2021

Saudi Arabia, United Arab Emirates - September 6 2021 The Saudi Central Bank (SAMA) has issued new Shariah Governance Rules dated May 2021 (the Rules) for financial institutions operating in Saudi…

Malak Abbas, Marwa Al-Siyabi, Khalid A. Al-Thebity, Ahmed Butt, Matthew Powell, Dara Sahab

New Central Bank guidance for UAE financial institutions on suspicious activity/transaction reporting

United Arab Emirates - August 18 2021 On June 7, 2021, the UAE Central Bank issued new guidance requiring all UAE financial institutions to file suspicious activity reports (SARs) or…

Kevin P. McCart, Claiborne (Clay) W. Porter, Benjamin D. Wood

Responding to Financial Crime Risks during COVID-19

United Kingdom, USA - June 1 2020 Over the past few months, numerous organizations and agencies—including the intergovernmental Financial Action Task Force, UK Financial Conduct…

Collis Abrahams, Sassi Riar, Amira Shaat, Sam Song