Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime, UAE

NEWS: UAE seizes assets worth DH3BN (€769M) from 270 companies for AML shortcomings

By Alisha Houlihan for AMLi

The United Arab Emirates (UAE) has confiscated DH3BN from 270 companies for failing to comply with anti-money laundering (AML) laws. 

Director-General of the Department of Companies, Hamid Al Zaabi said 3,000 companies were fined for non-compliance, according to Gulf News.

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