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Weekly Roundup: India Freezes PayPal Transfers, UAE Boasts About Compliance, New York Councilman Charged for Laundering, and More
printA week before the Financial Action Task Force is expected to issue a blacklist of jurisdictions with poor anti-money laundering controls, the United Arab Emirates is touting its compliance efforts. The Middle Eastern country is among the dozens that analysts say may be named by the intergovernmental group. More On Monday, the head of UAE's Anti-Money Laundering and Suspicious Cases Unit said that the country plans to sign 14 new memoranda of understanding with other nations in an effort to better share data on suspected money laundering and terrorist financing. Financial institutions in the UAE filed 1,729 suspicious transactions reports...
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