Hawala Money Laundering: Six fined Dh350,000

ABU DHABI 16 December 2021: The Central Bank of the UAE (CBUAE) imposed financial sanctions totalling Dh350,000 on six Hawala providers operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. […]

Up to Dh1 million fine for money laundering

DUBAI 1 June 2021: Violators of anti-money laundering or ultimate beneficial owner procedures may lead to administrative fines ranging from Dh50,000 to Dh1,000,000, according to the Ministry of Economy (MoE). This was announced as the […]

UAE resident gets a fine of Dh600,000…

ABU DHABI 26 February 2021: The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE, after the person carried out a function […]

Special UAE courts to try money laundering cases

ABU DHABI 30 November 2020: Sultan bin Saeed Al Badi Al Dhaheri, Minister of Justice, has issued ministerial resolutions on setting up specialised courts for money laundering crimes within the framework of federal judiciary in […]