Criminals demand payment to unlock LinkedIn accounts in ransomware attack, experts say
financial crime
Abu Dhabi
Explainer: How to spot deepfakes and avoid scams, according to a cybersecurity expert
As more scammers turn to deepfake technology to target victims, a cybersecurity expert shares the top tips to spot them and protect yourself
Artificial intelligence
Mastercard opens Global Centre for Advanced AI and Cyber Technology in Dubai
Also signs up with UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office to drive AI and battle financial crimes
anti-money laundering
UAE shuts 50 companies in Q3 2023 for failure to register for anti-money laundering
The FIU examines these transactions and activities to detect and prevent financial crimes that could undermine the UAE’s regulatory efforts
financial crime
Saudi Arabia arrests Asian expat at airport for $133,308 cash smuggle attempt
Saudi Arabia’s Public Prosecution refers accused to court for money laundering
anti-money laundering
Information technology: Changing the financial crime landscape
Fighting financial crime appears a daunting prospect, but technology can help
crime
Dubai Police arrest 497 in $381m economic crime clampdown
Dubai Police arrest suspected counterfeiters, fraudsters and forgers in economic crime fightback
anti-money laundering
UAE financial crime: We need a whole-of-society approach to fight money laundering, terrorism financing
The UAE has made significant progress in the battle against financial crime, but further strengthening the system requires engaging with more stakeholders than ever before
anti-money laundering
As financial crime digitalises, how can chartered accountants protect businesses in the Middle East?
Chartered accountants will be crucial to safeguarding businesses, indentifying risks, and navigating the red tape in this ever-changing landscape
Abu Dhabi
Abu Dhabi money laundering court slaps $1.3 million fine on US citizen
US authorities had sent the Abu Dhabi court an “assistance request”, based on their investigation into the citizen’s involvement in tax evasion
anti-financial crime
Everything you need to know about the UAE’s new anti-money laundering guidelines
The UAE has increasingly tightened measures against anti-money laundering and financial crimes including efforts to arrest the Gupta brothers
anti-money laundering
UAE, Egypt discuss joint efforts to combat money laundering and terror financing
The leaders reviewed regional developments in the space, as well as the key steps taken by both countries “to develop an effective system to combat financial crime”
Adu Dhabi
UAE judges discuss measures in fight against money laundering crimes
The Abu Dhabi Judicial Department (ADJD) met to support efforts in the UAE’s drive to reduce financial crimes
anti-money laundering
Why API technology is key to tackling financial crime in the UAE
While the UAE’s push to tackle financial crime focuses on regulation, it also provides an opportunity for banks to digitalise and improve their offerings such as adopting APIs that support compliance and protect them from threats and exposure
Abu Dhabi
UAE Deputy Prime Minister reviews progress on anti-money laundering, countering terrorism financing efforts
The UAE is closely coordinating with its international partners to identify, disrupt, and punish criminals and illicit financial networks
anti-money laundering
Dubai sets up new specialised court to focus on financial crimes
Dubai Courts says new court, focused on combating money laundering, will sit within the Court of First Instance and Court of Appeal
DIFC
Top UK fintech Napier opens new office in Dubai amid global growth
Provider of advanced anti-financial crime compliance solutions announces expansion to Dubai International Financial Centre