Abu Dhabi / WAM The UAE Banks Federation (UBF), represented by its Compliance Committee, hosted a seminar in association with CCL Academy, on the Financial Action Task Force (FATF). The session was titled, ‘Implications of the upcoming FATF, Mutual Evaluation and Recent Industry Developments’. The FATF is an inter-governmental body established by the G7 Summit. Its objectives are to contribute ...

Abu Dhabi / WAM A new platform to support high tech startups has launched in Abu Dhabi. The AED520 million ($141.5 million) ‘Hub71’ launched on Sunday by His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Executive Committee. His Highness also announced a new AED535 million fund, to ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), hosted senior executives from Standard Chartered Bank to discuss how financial institutions and regulators can work together to help curb illegal wildlife trade and disrupt the flow of illegal funds arising from this predicate crime. David Fein, Group General Counsel at Standard Chartered and Vice-Chair of the Financial Taskforce of the ...