The announcement comes as regional financial centres face mounting pressure to demonstrate their commitment to combating illicit financial flows
financial crime
Latest in financial crime
AB Majlis
AB Majlis podcast: HSBC flags new era of financial crime as UAE fraud victims lose $2,500 per scam
The region’s unique combination of HNWIs, transient populations, and proximity to sanctioned nations makes it particularly vulnerable to various forms of financial crime, says HSBC’s Collin Lobo
anti-money laundering
The UAE’s bold step towards global leadership in financial crime prevention
The UAE’s National AML/CFT/CPF Strategy 2024-27 is a strategic, forward-looking plan that builds on past successes while addressing the complex challenges of the future
Cybersecurity
Saudi Arabia ranks lowest globally in financial fraud crimes, says report
The country secured the top global position in the Global Cybersecurity Index for 2024
Financial Action Task Force (FATF)
UAE climbs global rankings in fight against financial crime
The UAE has enacted legal measures and regulations to enhance its framework, aiming to establish a sustainable national system to combat illicit financial activities
anti-money laundering
UAE announces new anti-money laundering strategy for 2024-2027 as it fights cyber threats, virtual assets risks and financial crime
UAE announces 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing
anti-money laundering
UAE’s new anti-money laundering and terrorism law: What it means for business and the economy
How the UAE’s new law is redefining global financial security
anti-money laundering
Explainer: UAE tightens anti-money laundering laws, forms new committees to fight financial crime
Here’s everything you need to know about the changes to the UAE’s AML laws and new committees
anti-money laundering
UAE grey list removal is a testament to the nation’s continued resolve to combat financial crime
The next step in the UAE’s continuous efforts will come later this year when the new National Strategy and Plan for 2024-27 is launched
Abu Dhabi
UAE exits FATF grey list: Dubai real estate to ‘benefit most’, say experts
The UAE’s removal from the FATF’s financial crime watchlist is expected to spur economic growth, particularly in the Dubai real estate sector, attracting increased foreign direct investment and institutional funds, according to experts
Abu Dhabi Finance Week
Facing financial crime in the fourth industrial revolution
Financial crime globally costs around $2.1 trillion, surpassing the annual GDP of major economies like G20 nations
anti-money laundering
A new dawn for real estate as UAE prepares to exit FATF Grey List
Dubai’s real estate market could reap a bigger boom
banking industry
Iraq races to digitise unbanked population amid corruption crack down and US dollar transaction ban
Here’s how the Central Bank of Iraq’s initiatives, government mandates, and Visa’s contributions are shaping Iraq’s path towards a cashless economy by 2030, according to Visa boss Leila Serhan
anti money laundering
Dubai launches major crackdown on economic crimes
Dubai launches platform to allow public to report economic crimes
Abu Dhabi
Trillion-dollar crime: UAE ramps up fight against wildlife trafficking, poaching ahead of COP28
With COP28 approaching, the UAE is amping up its crackdown on financial crime networks sustaining the illegal wildlife trade and looming biodiversity crisis
Abu Dhabi
UAE confiscates $356m from money launderers, hands out $54m fines in major crime and terrorism crackdown
UAE conducts review of money-laundering operations and financial crimes in the country
Abu Dhabi
Inside the UAE’s crackdown on money laundering
UAE achieves record-breaking financial crime confiscations in 2023, nearing exit from FATF grey list