Saturday, October 31, 2020

New York financial regulators fine UAE’s largest bank over lax money laundering safeguards

New York financial regulators fine UAE's largest bank over lax money laundering safeguards 1
By Olaalpha

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New York financial regulators fine UAE's largest bank over lax money laundering safeguards 2

New York state financial regulators on Wednesday fined the Dubai-based Mashreq bank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance. […]

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