UAE passes law to combat money laundering, terror financing

The law follows a decree by UAE President Sheikh Khalifa bin Zayed Al-Nahyan. (File/AFP)
Updated 30 October 2018
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UAE passes law to combat money laundering, terror financing

  • The law follows a decree by UAE President Sheikh Khalifa bin Zayed Al-Nahyan

DUBAI: The United Arab Emirates passed a law to combat money laundering and terrorism financing, it said on Tuesday, UAE-run WAM reported.
The law follows a decree by UAE President Sheikh Khalifa bin Zayed Al-Nahyan.
“The UAE’s wise leadership is keen to develop the legislative and legal structure of the nation to ensure compliance with international standards on anti-money laundering and countering the financing of terrorism,” Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said.
The law provides a legal framework for the government to counter money laundering and other related crimes, as well as it counters financing terrorist activities and suspicious organizations, which “enhances the UAE’s commitment to international recommendations and treaties,” Sheikh Hamdan added.


Jordan links deadly blasts to militant cell

Updated 15 February 2019
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Jordan links deadly blasts to militant cell

  • Analysis of the site found the blasts were caused by "homemade explosives buried in the ground matching the type used by a terrorist cell in Al-Fuhais" last August
  • The Salt region was the scene of heavy clashes between gunmen and security forces after the attack which targeted a security patrol at a music festival

AMMAN: Jordan said Friday that two deadly explosions which rocked the Salt region northwest of the capital Amman were apparently linked to a militant cell.
A security source had previously told AFP that old mines were behind Thursday's blasts which killed a farmer and three members of the security forces.
But analysis of the site found the blasts were caused by "homemade explosives buried in the ground matching the type used by a terrorist cell in Al-Fuhais" last August, government spokeswoman Jumana Ghneimat said.
She was referring to an August 11 bomb attack on a security patrol in the nearby town of Al-Fuhais that killed a police sergeant and wounded six others.
The Salt region was the scene of heavy clashes between gunmen and security forces after the attack which targeted a security patrol at a music festival.
Four security force members and three "terrorists" were killed during a raid on a militant hideout a day after the blast.