AMLSCU

AcronymDefinition
AMLSCUAnti-Money Laundering and Suspicious Cases Unit (Central Bank of the United Arab Emirates)
References in periodicals archive ?
Abdulrahim Mohammed Al Awadhi, executive director of AMLSCU, said, 'Signing of the MOU demonstrates the commitment of AMLSCU to share expertise and experience with its key domestic partners to coordinate the efforts on encountering money laundering, combating terrorist financing and related crimes, thereby strengthening the UAE AML/CFT framework and countering reputational risks.'
AMLSCU, since 2000, has conducted training and provided technical assistance at 1,086 events benefiting around 15,500 persons representing banks, other financial institutions, designated non-financial businesses and professions (DNFBPs), supervisory and law enforcement authorities, Ministries, counterpart FIUs and other domestic and foreign stakeholders reflecting AMLSCU's focus on training, capacity building for national, regional and international levels.
The MoU was signed by Paul Koster, chief executive of DFSA, and Abdulrahim Mohamed Al Awadi, assistant executive director of the CBUAE and head of AMLSCU.
DFSA Signs MoU with AMLSCU of the UAE The Dubai Financial Services Authority (DFSA) today entered into a Memorandum of Understanding (MoU) with the Anti- Money Laundering Suspicious Cases Unit (AMLSCU) of the Central Bank of the United Arab Emirates (CBUAE), regarding co-operation and exchange of regulatory information.
The UAE should increase the capacity and resources it devotes to investigating ML/TF both federally at the AMLSCU and at emirate-level law enforcement.
This event was graced by Mrs Nada Hussain Al Ali, STR analyst from the Central Bank of the UAE (AMLSCU Department) who spoke in breath about the FATF revised recommendations and Risk Based Approach that the exchange houses need to follow while conducting/monitoring the transactions.
Summary: ABU DHABI - The Central Bank of the UAE announced today that the Anti-Money Laundering and Suspicious Cases Unit (AMLSCU), in line with its strategy to enhance the capacity building of its regulated entities, held a workshop on June 5th regarding the 'Requirements of the FATF (Financial Action Task Force) Recommendations of 2012 and online STR System' for banks, currency exchanges and other financial institutions, at the Central Bank premises in Abu Dhabi.
The aforementioned law mandates that any suspicious transaction must be reported to the Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) of the Central Bank of the UAE.
"You may be enticed through seemingly attractive prize money of the fraudulent lottery schemes and fall prey to identity theft," the bank's Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) said.
Dubai Financial Services Authority (DFSA) has signed a memorandum of understanding (MoU) with the Anti-Money Laundering Suspicious Cases Unit (AMLSCU) of Central Bank of the UAE (CBUAE), regarding cooperation and exchange of regulatory information.
The UAE should increase the capacity and resources it devotes to investigating ML/TF both federally at the Anti-Money Laundering Suspicious Cases Unit (AMLSCU)--the UAE's financial intelligence unit (FIU)--and at emirate-level law enforcement.
National Anti-Money Laundering Committee (NAMLC) delegation led by Abdulrahim Mohamed Al Awadi, Executive Director, Head of Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) at the Central Bank of the UAE, on a visit to Rome, met with his Japanese counterpart attending the 3rd Plenary meeting of FATF XXIII and discussed the ways and means to enhance the relationship that exists between the UAE and Japan.