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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

DUBAI: 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 (Sep 19). The use of unlicensed money service providers for money laundering has incr

DUBAI: 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 .

"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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Xiamen city tells residents to stay home as COVID-19 infection spreadsBEIJING: A city in south-east China hit by COVID-19 told residents on Saturday (Sep 18) to stay home and closed various venues, as infections spread in the country\u0027s latest hotspot during a key holiday travel season. The government of Xiamen, in a series of notices, told residents not to leave home unneces
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Vietnam approves Cuba's Abdala COVID-19 vaccineHANOI: Vietnam has approved Cuba\u0027s Abdala vaccine for use against the coronavirus, the government said on Saturday (Sep 18), as the Southeast Asian country is battling its worst outbreak. Abdala becomes the eighth COVID-19 vaccine approved for use in Vietnam, which has one of the lowest vaccination rates i Hencho En Cuba!!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

'Burnt out': Philippine nurses battle COVID-19, resignationsMANILA: Exhausted nurses in the Philippines are struggling to care for patients as colleagues contract COVID-19 or quit a profession that was dangerously understaffed even before the pandemic. The country is enduring a record rise in infections, fuelled by the Delta variant, with the health department repo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Australia reports 1,882 new COVID-19 cases as police quell protestsMELBOURNE: Australia recorded 1,882 new COVID-19 cases on Saturday (Sep 18), as thousands of police officers in Sydney and Melbourne were deployed to quell planned anti-lockdown protests, setting up checkpoints and barricades. Several hundred people managed to gather in downtown Melbourne, and local media Good luck
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

World leaders return to UN with focus on COVID-19 pandemic, climateUNITED NATIONS: World leaders are returning to the United Nations in New York this week with a focus on boosting efforts to fight both climate change and the COVID-19 pandemic, which last year forced them to send video statements for the annual gathering. As the coronavirus still rages amid an inequitable Useless nations
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

New Zealand sees small increase in daily COVID-19 cases over weekendNew Zealand reported 24 new locally acquired COVID-19 cases on Sunday (Sep 19), up from 20 on Saturday, showing an upturn after several days of lower numbers, as the country's largest city Auckland awaits to hear if
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »