Events Calendar

The Central Bank of the UAE (CBUAE) has imposed a financial penalty of AED 200 million on a branch of a foreign bank operating in the country for repeated failures in anti-money laundering controls, governance and compliance.

Dubai Police have arrested a six-member ring that deceived a victim into paying AED 2.6 million through a fraudulent digital currency trading deal via an unlicensed exchange.

The Abu Dhabi Federal Court of Appeal has convicted several individuals involved in an illicit weapons trafficking and money laundering network linked to the supply of arms, ammunition and military equipment to the Sudanese Army.