#moneylaundering

UAE central bank sees COVID-19 increasing money-laundering risks

UAE central bank sees COVID-19 increasing money-laundering risks

  • The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year
  • The number of so-called "money mules" - people who receive illicit funds into their bank accounts to hold or withdraw and wire elsewhere who take a commission - increased
By Reuters ·