Tag: UAE

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INTERVIEW: UAE compliance leader Hamid Al-Zaabi discusses $1.15bn AML crackdown

NEWS: UAE reports surge in financial crime enforcement in 2025

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NEWS: UAE dismantles ‘terrorist network’ funded by Iran and Hezbollah

NEWS: UAE’s AML chief Hamid Al-Zaabi says official bodies are working ‘without disruption’

INTERVIEW: UAE’s AML chief Hamid Al-Zaabi reveals plans to maximize compliance effectiveness

NEWS: UAE takes up MENAFATF 2026 Presidency under Hamid AlZaabi

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NEWS: UAE Central Bank appoints new Assistant Governor for Financial Crime

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NEWS: UAE and Belgium deepen cooperation to tackle financial crime

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NEWS: UK pledges to strengthen ties with UAE to fight financial crime

NEWS: UAE hails its potential removal from EU money laundering watchlist

CONFIRMED: European Commission adds Monaco to money laundering blacklist, removes UAE

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NEWS: UAE exchange house fined $27M in ongoing AML crackdown

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AMLA finalises common formats for FIU cooperation and reporting to the EPPO
AMLA
July 3, 2026
Better reporting to the EPPO
Two of the standards set a single format for reporting to the EPPO, the body that investigates and prosecutes crimes against the EU's financial interests. One covers how FIUs report the results of their own analyses, the other how AMLA reports joint analyses. A shared, machine-readable template will allow the EPPO to receive complete, comparable information it can process automatically.
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS
July 3, 2026
Singapore, 3 July 2026… The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR) ”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai^[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
AUSTRAC finalises enforceable undertaking with Sportsbet
Austrac
July 3, 2026
AUSTRAC has finalised its enforceable undertaking with Sportsbet Pty Ltd (Sportsbet) after the company addressed serious deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. AUSTRAC CEO Brendan Thomas said the outcome reinforces AUSTRAC’s expectation that reporting entities take immediate and sustained action to meet their legal obligations. “When AUSTRAC identifies systemic weaknesses in a reporting entity’s AML/CTF controls, we will take enforcement action to ensure those issues are addressed,” he said. “Sportsbet was required to undertake significant remediation to uplift its systems, controls and governance. AUSTRAC is now satisfied those requirements have been met.