The Paris-based FATF, world's main AML watchdog, issued a report on the UAE last week, which showed that the UAE made a significant progress in implementing suitable legal framework and reporting mechanism for AML and CFT laws. The UAE's top regulators have asked financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs) to utilise reliable technology and Fintech tools to ensure that compliances to anti-money laundering (AML) and combating ...