UAE central bank issues new anti-money laundering guidelines for banks

Grace Hall/ September 13, 2021/ Money/ 0 comments

DUBAI, Sept 13 (Reuters) – The UAE’s central bank has issued new guidelines to financial institutions on anti-money laundering practices. . Banks need to develop internal procedures and put up indicators to identify suspicious transactions and report them to the central bank’s financial intelligence unit, the bank said in a statement. They must regularly check their databases and transactions against

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