Member States Put Kibosh On European Commission's AML Blacklist
A mutiny by member states appears likely to shoot down the inclusion of Saudi Arabia …
UAE: DFSA Releases Its Business Plan for 2019/2020
On March 3, 2019, the Dubai Financial Services Authority (DFSA) published its business plan for …
Bahrain: Central Bank Finalises Rules on Crypto-Assets
On February 25, 2019, the Central Bank of Bahrain (CBB) issued the final rules in …
FATF Issues Virtual Currency Guidance, Lays Down Law On Iran
The world’s foremost standards-setting body on countering illicit finance has urged countries to bring virtual …
Israeli Card Takeover Gains Green Light From Regulator
US private equity firm Warburg Pincus has been granted permission to take control of Leumi …
Israel: Bank of Israel Releases Measures to Support the Separation of Credit Card Companies
On August 2, 2018, the Bank of Israel announced further measures that will help the …
HSBC Cuts Loose UK-Licensed Bank As Pressure Builds Over Iran Sanctions
HSBC has severed its long-standing ties with an Iranian-owned British bank subject to US sanctions, …
Regulatory Sandboxes Unnecessary And Expensive, UN Report Claims
A United Nations commissioned report has cast doubt on the effectiveness of regulatory sandboxes to …
UAE: Abu Dhabi Global Market Consults on Revised AML Framework
On February 11, 2019, the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global …