CBUAE imposes a financial sanction on a bank operating in the UAE
CBUAE
Abu Dhabi (16 September 2024): The Central Bank of the UAE (CBUAE)
imposed a financial sanction on a bank operating in the UAE, pursuant to articles
89 and 137 of the Federal Decree Law No. (14) of 2018 regarding the Central Bank
& Organisation of Financial Institutions and Activities and its amendments, and
article 14 of the Federal Decree Law No. (20) of 2018 on Anti-money Laundering
and Combating the Financing of Terrorism and Illegal Organisations.
The CBUAE has fined the bank AED 5 million, and directed the bank to present
the Central Bank's action to the board of directors of the overseas headquarters.
Ismael “El Mayo” Zambada Garcia, Co-Founder of the Sinaloa Cartel, Arraigned in Brooklyn on International Drug Charges
US Department of Justice
Defendant Allegedly Led the Sinaloa Cartel with Joaquin “El Chapo” Guzman Loera for Decades and Continued for Years Since El Chapo’s Arrest
Ismael “El Mayo” Zambada Garcia, 76, a citizen of Mexico, was arraigned this morning in federal court in Brooklyn, New York, on 17 counts related to drug trafficking, firearms offenses, and money laundering. This fifth superseding indictment relates to El Mayo’s decades-long leadership of the Sinaloa Cartel, one of the most violent and powerful drug trafficking organizations in the world and conspiracy to manufacture and distribute fentanyl. El Mayo was previously charged with running a continuing criminal enterprise, as well as murder conspiracy, money laundering conspiracy, cocaine, heroin, methamphetamine, and marijuana manufacture and distribution conspiracy, as well as other drug-related crimes.
Cryptocurrencies and financial crime: a strategic approach to ensure security
Europol
Investing in preventing and combating the misuse of the crypto ecosystem for financial crime is vital to safeguard both national and international security.
This was a resounding message arising from the 8th Global Conference on Criminal Finances and Cryptocurrencies, which concluded on 12 September 2024 after two days of intense discussions and updates from leading voices in the field.
The two-day hybrid conference attracted over 1,000 participants, including key stakeholders from the private sector, law enforcement, government bodies, intergovernmental organisations, academia and civil society.