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THE Financial Intelligence Unit of Trinidad and Tobago (FIUTT), during September 2022 and September 2023, received a total of 950 suspicious transaction reports (STRs) or suspicious activity reports (SARs) which
Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (EO AMLCTF), revealed that the UAE confiscated more than AED 1.3 billion ($356 million) from March until mid-July. In a statement to the Emirates News Agency (WAM), Al Zaabi said that the UAE continues to prioritize international cooperation to monitor money laundering and terrorist financing. “We look forward to continuing our positive progress in the second half of the year."
Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows signif
Summary - In June 2023, the Financial Action Task Force (FATF) issued a report addressing the progress made by the UAE in improving its level of compliance with the FATF...
Accountants must remain vigilant and act swiftly to report suspicious financial activity and prevent human trafficking. There are red flags to look out for, warns one financial intelligence unit.