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Firms in the UAE have until next month to reveal the identity of their real owners as part of the Gulf country clampdown on money laundering, the director of the Anti-Money Laundering Department at the ministry of Economy has told Read more
The Central Bank of UAE has slapped multiple millions of dollars sanctions on 11 banks operating in the country for facilitating money laundring, reports say. The sanctions according to the Central bank were confirmed Jan. 24 and valued at 45.8 Read more
Bahain’s High Criminal Court has handed five years in jail to three officials of private money retailer Future Bank in money laundering cases that have also implicated the Central Bank of Iran and other banks, Bahrain News Agency (BNA) has Read more
Bahrain’s High Criminal Court requested five years in prison for five officials of a local bank suspected for involvement in a money laundering case in connection with three Iranian banks. The officials from Future Bank are also fined a million Read more
Algerian Foreign Minister, Abdelkader Messahel, on Friday found no convincing answer to a question on his country’s failed economic policy in Africa, compared to Morocco’s success in the continent, than to accuse Morocco of using drug money to promote its Read more