Advertisement

Anti-Money Laundering

A Comparative and Critical Analysis of the UK and UAE's Financial Intelligence Units

  • Waleed Alhosani

Part of the Palgrave Studies in Risk, Crime and Society book series (PSRCS)

Table of contents

  1. Front Matter
    Pages i-xix
  2. Waleed Alhosani
    Pages 1-16
  3. Waleed Alhosani
    Pages 39-64
  4. Waleed Alhosani
    Pages 117-169
  5. Waleed Alhosani
    Pages 205-241
  6. Waleed Alhosani
    Pages 243-279
  7. Waleed Alhosani
    Pages 323-367
  8. Back Matter
    Pages 369-402

About this book

Introduction

This book critically analyses the role of the United Arab Emirates Financial Intelligence Unit (FIU) in the Suspicious Activities Reports regime. The author pays particular attention to its functions and powers in dealing with Suspicious Activities Reports and relevant requirements imposed upon the reporting entities. In the analysis, the author also compares the United Arab Emirates FIU model to the United Kingdom FIU model.

In addition, the book investigates whether the current United Arab Emirates FIU model complies with the relevant international recommendations developed by the Financial Action Task Force in relation to the establishment of the unit, as well as its powers and functions.

This book suggests that more can be done to improve the current functions and powers of the United Arab Emirates FIU in an international context. Furthermore, the author suggests that the functions and powers of the United FIU model both comply with the international requirements and beneficially extend beyond their directives. 

Keywords

Objective Basis Reporting Requirements Reasonable Grounds Subjective Basis Suspicious Activity Reports Dirham Pounds Sterling United States Dollar Financial Action Task Force Confidentiality Customer Due Diligence

Authors and affiliations

  • Waleed Alhosani
    • 1
  1. 1.Dubai Public ProsecutionSHARJAHUnited Arab Emirates

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-59455-6
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-59454-9
  • Online ISBN 978-1-137-59455-6
  • Buy this book on publisher's site