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Meeting discusses anti-money laundering, countering terror financing

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Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired a high-level coordination meeting on anti-money laundering and countering the financing of terrorism (AML/CFT) to discuss the UAE’s progress in countering financial crime.

During the meeting, representatives from the Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Executive Office for AML/CFT presented on the UAE’s strategy to strengthen its longstanding efforts to combat money laundering and the financing of terrorism.

Participants discussed the numerous ways in which the UAE is closely coordinating with its international partners to identify, disrupt, and punish criminals and illicit financial networks. Extending from its strong commitment to protecting the integrity of the global financial system, the UAE has enacted notable reforms to prevent financial crime in recent years and will continue strengthening its approach in line with international standards and the global AML/CFT agenda.

The achievements of the UAE Expert Group for AML/CFT, which has successfully conducted 44 meetings with counterpart jurisdictions, were also discussed, with a particular focus on the training and advancement of AML/CFT experts in the UAE as part of efforts to develop a strong talent pool of anti-financial crime professionals. This has led to raising awareness around the UAE’s substantial progress in the field of countering financial crime and establishing direct lines of communication between UAE experts and key counterparts in international jurisdictions.

Moreover, participants addressed significant areas of improvement in the UAE’s AML/CFT efforts, including its progress in enacting targeted financial sanctions to combat terrorism, terrorist financing, and proliferation; increasing transparency on beneficial ownership of legal arrangements and entities; and strengthening relevant laws and regulations to improve national coordination and cooperation.

Concerning the UAE’s commitment to international cooperation on this file, the country’s partnerships in the AML/CFT field were noted, such as the UAE-UK Partnership to Tackle Illicit Financial Flows and the EU Structural Dialogue. In addition, capacity building sessions and workshops with key jurisdictions were cited, including 31 capacity building sessions, which have led to an enriched exchange of best practices on AML/CFT at the international level.

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UAE Central Bank fines local bank Dh3 million over anti-money laundering failures

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The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh3 million on a local bank for failing to comply with anti-money laundering (AML) regulations.

The fine was issued under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, as well as Article 137 of the Decretal Federal Law No. (14) of 2018 concerning the Central Bank and regulation of financial institutions.

The CBUAE said the penalty followed an investigation which found that the bank had not met regulatory requirements outlined in UAE legislation to combat financial crime.

In a statement, the Central Bank reaffirmed its commitment to maintaining the transparency and integrity of the country’s financial system. “We continue to supervise and regulate all licensed financial institutions to ensure full compliance with UAE laws, regulations, and standards,” the authority said.

The name of the bank was not disclosed.

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Dubai’s RTA steps up inspections of buses to ensure safety

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Dubai’s Roads and Transport Authority (RTA) has urged transport operators to strictly follow regulations covering all modes of passenger transport, including chartered buses, tourist services, and international bus trips.

This comes after RTA completed over 15,500 inspections targeting operators in these sectors, as part of ongoing efforts to raise service standards and ensure safety.

“The inspections weren’t just about issuing violations,” said Saeed Al Balooshi, Director of Passenger Transport Activities Monitoring at RTA. “They’re designed to improve service quality and ensure operators meet the rules that keep Dubai’s transport sector running smoothly.”

Checks included verifying safety measures onboard and ensuring all required licences were in place. The RTA also teamed up with other authorities, including Dubai Police and the General Directorate of Residency and Foreigners Affairs at Hatta Border Post, to tackle misuse and irregularities in cross-border transport services.

Al Balooshi added that the authority is using new technologies to make inspections more effective by analysing violations and measuring the impact of enforcement campaigns. “Our goal is to ensure a reliable and high-quality experience for residents, visitors, and tourists, and to protect the reputation of Dubai’s public transport sector,” he said.

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New paid parking zones announced in Abu Dhabi

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Residents and motorists in Abu Dhabi should take note: new Mawaqif paid parking zones have been activated in several areas across the city, Q Mobility announced on Thursday, July 10.

The newly introduced paid zones include:

  • Eastern Mangroves
  • Dolphin Park
  • Al Khaleej Al Arabi Street sectors – specifically at Al Khaleej Al Arabi Park 1, 2, 4, and 5
  • Al Qurm Plaza

The rollout of the Mawaqif system in these areas is now officially in effect, aligning with Abu Dhabi’s parking regulations.

  • Standard Parking – black and blue curbs:
    • Dh2 an hour
    • Dh15 for 24-hour parking
  • Premium Parking Abu Dhabi – white and blue curbs: AED 3 an hour

According to Q Mobility, this move is part of ongoing efforts to better regulate vehicle movement, ease congestion, and improve the overall efficiency of public parking across the emirate. The changes follow the completion of infrastructure upgrades such as curb painting, installation of directional and awareness signage, and public notifications.

The company has also encouraged drivers to make use of the Darb app for digital payment and to carefully follow posted instructions to avoid fines.

The expansion of Mawaqif is part of a broader strategy aimed at improving traffic flow and providing smarter, more streamlined parking solutions within Abu Dhabi Island and beyond.

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