The United Arab Emirates is a global centre for international trade and finance. The country has multiple free trade zones, which attract large businesses but also pose money laundering and terrorist financing issues. The UAE has rigorous AML laws and regulations in place to keep these concerns at bay. Over the last few years, the UAE has taken tremendous strides to improve its AML legislation. This involves the publication of revised Guidelines for Financial Institutions in June 2021, as well as the establishment of the New Specialized Money Laundering Court. Download Full Insight.
