In 1998, the Central Bank of the UAE established a special unit for investigating fraud and suspicious transactions, which was renamed to the Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) in 2002. The aim of this unit was to protect the UAE economy, in collaboration with stakeholders, from risks of illegitimate activities such as money laundering and terrorism financing. With the issuance of the Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations (AML Law), the unit was renamed to the Financial Intelligence Unit.
According to the Federal Decree-Law No (20) for 2018, Article (9), The Financial Intelligence Unit shall have competence over the following:
To be decided later.
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