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Money laundering cases rise in the UAE in 2009
An increased number of Money Laundering cases were reported in the United Arab Emirates last year, as per a UAE Central Bank official.
Money Laundering case ruling in Dubai
The Dubai Court of Misdemeanour completed hearings in a money laundering case yesterday and adjourned to August 3 for the verdict. The four accused were from the UAE, Pakistan, India and the UK. Seven companies in the emirate were also charged.
Hard graft pays off
The United Arab Emirates is seen as one of the least corrupt countries in the Middle East, according to a new international poll.
Abu Dhabi sets up financial crimes unit
A new agency called the Abu Dhabi Finance Public Prosecution has started operations to prosecute cases of bribery, money laundering, abuse of power, embezzlement and misuse of funds in the emirate.
Reforms needed in Kuwaiti AML-CTF laws
The Ministry of Commerce and Industry has not recorded any money laundering crime for the past four years, said the Kuwaiti Director of Anti Money Laundering Office Sheikh Namer Al-Sabah.
US warns banks of terror financing in 5 countries
The United States has warned banks and other financial institutions in the country against shortcomings in measures against money laundering and terror financing in five nations, including Pakistan and Iran.
UAE regulators combat money laundering
The UAE's three main financial regulators are working hard on combating money laundering, they have rehearsed the financial institutions to report any suspicious money laundering transactions and activities. The UAE regulators are pooling information and training resources to combat an increased trends in such activities.
Madoff gets up to 150 years jail sentence for massive Ponzi Scheme Fraud
Bernard Madoff will end up spending the rest of his life in jail after he gets a jail sentence today of up to 150 years in the federal prison for the massive Ponzi scheme that is considered the biggest ever and called by many as 'Extraordinary Evil'.
Madoff gets up to 150 years jail sentence for massive Ponzi Scheme Fraud
Bernard Madoff will end up spending the rest of his life in jail after he gets a jail sentence today of up to 150 years in the federal prison for the massive Ponzi scheme that is considered the biggest ever and called by many as 'Extraordinary Evil'.
Incoming FATF president to seek greater emphasis on asset forfeiture
* Incoming president wants 'weaknesses' identified
* Says effort is already under way to examine how criminal proceeds are confiscated
* New recommendations for member countries anticipated
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