Category: UAE

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NEWS: Pressure grows on UAE to show it is enforcing sanctions against Russia

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NEWS: Half of Russia’s payments to China made through middlemen, sources say

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NEWS: UAE, Gibraltar set to remain on EU’s ‘high risk’ watchlist until September at earliest

NEWS: Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny

NEWS: ‘Super cartel’ member jailed for life in Netherlands

NEWS: FIUs of France and UAE sign MoU on AML/CFT

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EXCLUSIVE: UAE to be removed from FATF ‘grey list’ within days

INSIGHT: Calls for more transparency from Egmont Group of FIUs after it accepts ‘substantial donation’ from greylisted UAE

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REACTION: UAE welcomes FATF decision to conduct on-site visit, paving way to being de-listed

INSIGHT: Why keeping the UAE on FATF’s ‘grey list’ makes no sense to me

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Russian oil producers send CPC Blend to UAE, open new export route

NEWS: Dubai’s Financial Services Authority (DFSA) signs MoU with the UAE’s FIU.

Executive Vice President of Insurance Brokerage Pleads Guilty in $133M Affordable Care Act Fraud Scheme
US Department of Justice
April 19, 2025
A Florida executive pleaded guilty today for his role in a scheme to submit fraudulent applications to enroll consumers in Affordable Care Act insurance plans (ACA plans) that were fully subsidized by the government. The purpose of the scheme was to obtain millions of dollars in commission payments from the insurance company that operated the ACA plans. The federal government paid at least $133,900,000 in subsidies for fraudulently enrolled individuals.
Man convicted of trying to smuggle £1m in suitcases out of UK
National Crime Agency
April 18, 2025
A man who was stopped at Heathrow Airport with £1m in two suitcases has admitted money laundering following a National Crime Agency investigation. Mazen Al Shaar, 48, was stopped by Border Force officers on Saturday 15 March this year as he was about to fly from Terminal Three to Beirut.
Treasury Targets International Bank of Yemen for Support to the Houthis
OFAC
April 18, 2025
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Yemen-based International Bank of Yemen Y.S.C. (IBY) for its financial support to Ansarallah, commonly known as the Houthis, which is part of the Iran threat network. As part of this designation, OFAC is also sanctioning key leaders or officials of IBY, Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara. The designation of IBY complements the whole-of-government effort to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea.