Empathy provides a practical pathway to fostering a thriving environment for talent
A money exchange operating in the UAE has been fined Dh4.8 million over its "weak compliance framework" to prevent money laundering and the financing of terrorism.
The exchange did not have in place the "required risk analysis" and due diligence policies and procedures.
The Central Bank of the UAE (CBUAE) imposed the financial sanction as per a federal law on anti-money laundering and combating the financing of terrorism and Illegal organisations. The CBUAE did not identify the exchange house.
It said it works to "ensure that all exchange houses, their owners and staff" abide by the applicable UAE laws, regulations and standards that "safeguard transparency and integrity" of the country's financial system.
ALSO READ:
Empathy provides a practical pathway to fostering a thriving environment for talent
Whilst summers are usually slow from a recruitment perspective, it has been a completely different picture for tax
US stocks have slid more than 6 per cent from their late July highs
Amantra FM partners with US-based AtmosAir to help achieve optimal indoor air quality
Energy efficiency can help energy transition, expert says
Futures have risen nearly 30% over the last three months due to supply concerns
The inaugural list of Future100 will be unveiled on World Futures Day, which coincides with December 2, the UAE's National Day
The main purpose is to ensure that gains are taxed in the correct period