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

FATF publishes assessment of UK anti-money laundering, counter terror financing systems

A global anti-money laundering (AML) watchdog has found that the United Kingdom has a ‘robust understanding’ of laundering and terrorism financing threats, but warned it faces significant risks of dirty cash inflows from offshore jurisdictions and foreign criminals. The Financial Action Task Force (FATF) said Britain’s ‘strong’ public-private partnerships are… Read More

Deutsche Bank hit by new laundering report; shares slide again

Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank (DANSKE.CO) than previously thought. A Deutsche Bank spokesman declined to comment on the FT article. He said, however,… Read More