UAE


13 common Letter of Credit and Bill of Lading frauds: Revisiting the Solo Industries & Saad Group Trade Finance Frauds
Those who forget the lessons of history are condemned to repeat them. Trade finance frauds are no exception. Lessons from Solo Industries, Credit Agricole v. PPT, and practical advice for trade financiers.
FATF Updates Its Listing of Jurisdictions Under Increased Monitoring
The Financial Action Task Force (FATF) identified 23 jurisdictions under increased monitoring in October 2021 which are actively working with
UAE Central Bank Fines Unnamed UAE Bank for Poor AML Systems
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction on UAE bank for poor AML / Sanctions systems
UAE Transitions to New Work Week Schedule that Matches Western World
UAE Aligns work week schedule with western workdays