The Central Bank of UAE on Monday asked all financial institutions in the country to immediately report any suspicious money transactions or cases they come across to its Anti-money Laundering and Suspicious Cases Unit (AMLSCU).
After inaugurating a workshop for insurance companies and brokers on Monday, ALMSCU executive director Abdulrahim Mohammed Al Awadi said it was the responsibility of all entities to report such transactions and cases to help the country keep its financial system sound.
“The Anti-money Laundering Law (AML) has obligated the reporting requirements in relation to any suspicious transactions to banks, other financial, commercial and economic entities that include insurance companies and brokers,” Awadi said
No comments:
Post a Comment