By Jeff Dale2023-07-31T16:06:00
The United Arab Emirates (UAE) has moved forward with plans to establish federal prosecution entities specializing in economic crimes and money laundering.
A proposal by the UAE’s attorney general, announced by news agency WAM on Sunday, aims to develop the Middle East nation’s judicial system to “keep pace with global economic shifts” and further boost “financial stability and economic growth.”
Approved by the country’s Federal Judicial Council, the proposal is part of a project the Ministry of Justice is working on in conjunction with the FJC to improve professional and legal performance in the UAE.
2023-08-29T12:39:00Z By Neil Hodge
Experts share differences of opinion over whether future anti-money laundering supervision in the United Kingdom should be industry specific and whether a single regulator would be more effective than multiple bodies.
2023-08-22T12:33:00Z By Aaron Nicodemus
ABN AMRO, ING, Rabobank, Triodos Bank, and de Volksbank are each participating in a first-of-its-kind collaboration to shine light on the estimated €16 billion worth of illicit funds coursing through the Netherlands’ banking system every year.
2023-08-03T19:23:00Z By Jeff Dale
A Middle Eastern unit of international banking group Mirabaud was ordered to pay a $3 million fine for inadequate anti-money laundering controls by the Dubai Financial Services Authority.
2025-08-21T18:58:00Z By Oscar Gonzalez
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
2025-08-20T21:22:00Z By Adrianne Appel
CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.
2025-08-18T14:12:00Z By Oscar Gonzalez
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
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