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The Anticorruption Blog Blog

Articles: 1-10 of 185

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…

Anti-Money Laundering Act Update: One Year In

USA - January 5 2022 The National Defense Authorization Act for Fiscal Year 2021 became law early in 2021, after a congressional override of then-President Trump’s veto…

The Biden Administration Announces Strategy to Combat Global Corruption

OECD, USA - December 9 2021 On December 6, 2021, the White House (the “WH”) released the first United States Strategy on Countering Corruption (the “Strategy”) that sets the…

OFAC Releases Sanctions Compliance Guidance for the Virtual Currency Industry

USA - November 4 2021 The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury recently published sanctions compliance guidance for the virtual…

The Treasury 2021 Sanctions Review is Complete: What Next?

USA - October 27 2021 On October 18, 2021, the U.S. Department of the Treasury (“Treasury”) released the findings from its review of the economic sanctions administered and…

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…

OFAC Issues Updated Ransomware Advisory and Designates Virtual Currency Exchange

USA - September 30 2021 On September 21, 2021, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an Updated Advisory on…

Anti-Money Laundering Act Update: Six Months In

USA - July 22 2021 The National Defense Authorization Act for Fiscal Year 2021 (“NDAA”) became law earlier this year, after a congressional override of then-President…

Preparing an application for the SBA’s Community Navigator Program, from a compliance perspective

USA - July 15 2021 The American Rescue Plan Act allocated $100 million to the Small Business Administration to be distributed to various “Hub” organizations to further…

The Kingdom of Saudi Arabia approves new Anti-Financial Fraud and Deceit Law

Saudi Arabia, United Arab Emirates - July 7 2021 On April 30, 2021, Ministers in Saudi Arabia approved a new law, due to come into force in September of this year, which is designed to enhance the…