Covid-19 increasing money-laundering risks: UAE central bank ...Kuwait

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the Covid-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday. The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year, the report said, as well as the use of e-commerce to launder money. "Widespread lockdowns have resulted in a significant surge in e-commerce. Due to limited ability to move funds and goods during the pandemic, illicit actors are turning to e-commerce as a money laundering tool", it said. The number of so-called "money mules" - people wh

Hence then, the article about covid 19 increasing money laundering risks uae central bank was published today ( Sunday 19/09/2021 - 03:00 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Covid-19 increasing money-laundering risks: UAE central bank )

Also on site :

• Largest catch-up initiative delivers over 100 million childhood vaccinations
• Amazon’s $30 Solar Cat Statue Is a Whimsical Garden Find, and It Comes in 3 Other Quirky Styles
• Boston marathoner reflects on helping collapsed runner as video goes viral