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Action taken against money laundering in UAE

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 11:50 PM
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Action taken against money laundering in UAE
http://feeds.bignewsnetwork.com/?sid=308938

The United Arab Emirates has pledged support for international efforts to prevent money laundering and terror financing.

The head of the UAE Central Bank's Anti-Money Laundering Unit said the bank had introduced measures to protect the country's banking sectors and stressed the need for regular updating of such systems.

Speaking at a conference, the Chairman of the Union of Arab Banks, Adnan Yuosif, said that a survey had concluded the amount of money laundered is in excess of US$1

more...

Asking the UAE to stop money laundering is like asking a junkie to stop and then handing a pharmacy

Saudi Arabia funds terrorism 40 % of insurgents in Iraq are Saudis and then there is the
Saudi who they just raised his reward to 50 mill

and thats a joke

but the news here is Everybody is catchin on that the Terrorist financier is Saudis
The jig is up
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