The regulator of Dubai's financial free zone said on Wednesday it had fined Arqaam Capital $50,000 after investigating the Dubai-based investment bank over compliance with anti-money laundering rules.
The investigation followe
UAE’s Foreign Exchange and Remittance Group (FERG) has turned up the heat on money laundering and frauds at its recent anti money laundering (AML) and combating terrorist financing (CTF) conference in Dubai.
The aim of the c
Thomson Reuters, a provider of business information, will host the fifth annual Compliance and Anti-Money Laundering Seminar in Riyadh tomorrow in partnership with the Institute of Banking of Saudi Arabia.
Held under the patronage
A Russian judge sentenced jailed former oil tycoon Mikhail Khodorkovsky to six additional years in prison on Thursday after convicting him on multi-billion dollar theft and money-laundering charges.
Moscow judge Viktor Danilkin granted the
Police from other countries are helping investigate a money-laundering operation allegedly involving a Bahrain official, it has emerged.
Investigations are continuing in co-operation with other countries, said well-placed sources.
The Dubai Financial Services Authority (DFSA) recently entered into a memorandum of understanding (MoU) with the Anti- Money Laundering Suspicious Cases Unit (AMLSCU) of the Central Bank of the UAE (CBUAE), regarding cooperation and exchange of re
Mirabaud (Middle East) Limited has appointed Rajiv Philip as the company’s new chief operating officer (COO).
Philip will also act as the designated compliance and anti-money laundering officer for the firm at the Dubai International Fina