Connect with us

Crime

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

Published

on

Spread the love

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.

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Crime

Dubai Police issue urgent warning over fake Eid sacrifice ads

Published

on

Spread the love

As Eid Al Adha approaches, Dubai Police has issued a fresh warning to residents about a growing wave of online scams involving fake sacrificial animal sales.

Authorities say fraudsters are exploiting the festive season by posting deceptive advertisements on social media platforms and unverified websites, offering sacrificial animals at unusually low prices to lure unsuspecting buyers.

How the scam works

According to Dubai Police, scammers typically:

  • Post fake advertisements using stolen or fabricated images
  • Offer special deals and unrealistically low prices
  • Ask buyers to make advance payments to reserve or deliver the animal

Once the money is transferred, the fraudsters disappear, leaving victims without the animal or any way to recover their funds.

Police urge residents to stay alert

Officials warned residents not to be misled by:

  • Prices that seem too good to be true
  • Exaggerated promotional offers
  • Unknown social media sellers

Instead, the public is being advised to:

  • Deal only with accredited and trusted sellers
  • Use official platforms and verified suppliers
  • Avoid transferring money to unverified accounts

How to report fraud

Dubai Police also urged residents to immediately report suspicious accounts or scam attempts through:

  • The official eCrime platform
  • The non-emergency hotline 901

Authorities stressed that community awareness and cooperation remain key to preventing cyber fraud during the Eid season.

With online scams becoming increasingly sophisticated, Dubai Police are reminding residents of one simple rule this Eid: If an offer looks unrealistically cheap, think twice before paying.

Continue Reading

Crime

UAE residents warned over fake ‘guaranteed’ Hajj packages

Published

on

Spread the love

Dubai Police has warned residents to stay alert against fake Hajj and Umrah campaigns circulating online ahead of the pilgrimage season.

The force’s Anti-Fraud Centre issued the warning as part of its ongoing ‘Be Aware of Fraud’ campaign, following a rise in fraudulent social media advertisements and fake travel offers targeting worshippers planning to perform Hajj or Umrah.

Fake offers and ‘guaranteed’ visas

According to Dubai Police, scammers are promoting fake pilgrimage packages through websites and social media platforms using:

  • Deeply discounted prices
  • Fake ‘guaranteed’ Hajj bookings
  • False promises of urgent visas and permits
  • Professional-looking websites and copied company logos

Victims are often asked to transfer advance payments to secure bookings, only for the fraudsters to disappear without providing any legitimate service.

Authorities said these types of scams typically increase in the weeks leading up to Hajj and Umrah, as residents search online for affordable travel deals and last-minute packages.

Fraudsters reportedly create fake accounts impersonating legitimate travel agencies and licensed operators to make their offers appear genuine.

Dubai Police urge residents to verify operators

Dubai Police stressed the importance of booking only through officially licensed and approved Hajj and Umrah operators authorised by the relevant authorities.

Residents are also warned against sharing personal or banking information with unknown entities online, regardless of how attractive the offers may seem.

Safety tips for residents

  • Verify the travel agency’s licence and registration
  • Avoid deals that seem unusually cheap
  • Do not transfer money to personal bank accounts
  • Double-check websites and social media pages
  • Use official channels for Hajj and Umrah bookings

Continue Reading

Crime

Sharjah Police share simple ways to prevent home and car thefts

Published

on

Spread the love

Sharjah Police has launched a new awareness campaign aimed at reducing home burglaries and vehicle theft across the emirate.

The initiative, titled Your Belongings Are Your Responsibility, is being carried out in partnership with Sharjah Electricity, Water and Gas Authority as part of broader efforts to strengthen public safety and encourage community vigilance.

Focus on prevention and awareness

Authorities say the campaign is designed to remind residents that simple precautionary measures can significantly reduce theft risks.

The awareness drive encourages people to:

  • Properly secure homes and doors
  • Lock vehicles at all times
  • Avoid leaving valuables visible inside cars
  • Stay alert and report suspicious activity

Multilingual awareness messages

As part of the rollout, safety messages will be shared through multiple communication channels to ensure they reach a wide audience across Sharjah.

The campaign will also include:

  • Multilingual awareness brochures
  • Outreach targeting workers’ accommodations
  • Digital safety content across social media platforms

Sharjah Police stressed that public cooperation remains essential in preventing crime and protecting communities.

Authorities added that vigilance, awareness and responsible behaviour all play a key role in reducing theft incidents and improving overall security across the emirate.

Continue Reading

Popular

Exit mobile version
https://headline.ae/