The President of the United Arab Emirates (UAE), Sheikh Zayed Al-Nahian, recently approved a new law against money laundering activities, reported Al-Hayat . The Governor of the Emirates Central Bank, Sultan Bin Nasser Al-Suweidy, said that the UAE is one of the first nations to criminalize money-laundering activities. All financial markets, banks, financial companies and money exchange agencies are obliged to obey the new law. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
