Bank fined AED 11 1 million for lapses in anti-money laundering controls tag911.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tag911.ae Daily Mail and Mail on Sunday newspapers.
Dubai Financial Services Authority has issued a fine of $3m to Mirabaud for inadequate money laundering controls, specifically over transactions processed for a group of nine interconnected accounts. Although the regulator did not identify the transactions as money laundering, it said Mirabaud s systems and it found that the controls were insufficient.
(Bloomberg) The billionaire facing the largest U.S. tax-evasion case against an individual has offered to put up $1.45 billion if the IRS relaxes liens on his property and assets.
Robert Brockman is willing to move money held by his family charitable trust from Switzerland into U.S.