6th February 2017
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programmes of their organisations, according to a new report. Read More
23rd May 2016
Abdul Rahim Mohammad Al Awadi, Executive Director of Anti-Money Laundering and Suspicious Cases Unit, AMLSCU, of the UAE, and Talal Ali Al Sayegh, President of the Kuwait Financial Intelligence Unit and Chairman of National Committee of Combating Money Laundering and Financing of Terrorism have signed a Memorandum of Understanding (MoU) on Sunday following a meeting at the head office of the Central Bank of the UAE in Abu Dhabi to discuss matters of mutual interest. Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More