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History of the UAE FIU

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.

UAE FIU History

A chronology of the UAE FIU

Establishment History

UAE FIU Chronology

Mandate of the UAE FIU

According to the Federal Decree-Law No (20) for 2018, Article (9), The Financial Intelligence Unit shall have competence over the following:

  • 1-Requesting financial institutions and designated nonfinancial businesses and professions and the Relevant Authorities to submit any information or further documentation related to received reports and information and other information deemed necessary for FIU to perform its duties on schedule and in the form determined by the Unit.
  • 2-Exchanging information with its counterparts in other countries, with respect to Suspicious Transactions Reports (STR) or any other information to which the FIU has exclusive access or is the exclusive recipient, whether directly or indirectly, according to international agreements to which the State is a party or bilateral agreements signed by the FIU with its counterparts governing bilateral cooperation or conditional upon reciprocity. The FIU may communicate to its counterparts its findings derived from the use of the information provided by its counterparts and the results of the analysis conducted based on this information. Such information shall be used only for the purposes of combating the crime and shall not be disclosed to third parties without the FIU’s permission.
  • 3-Establishing a database or a special register to record all available information and to implement data privacy and data security procedures to protect this information including procedures for handling, archiving transferring and accessing the data, and make sure that access to its premises, its database and its technology systems is restricted.
  • 4-Any other dedicated activities to be specified in the Implementing Regulation attached to the present Decree-Law.

UAE FIU Vision & Mission

To be decided later.

UAE FIU Sections

UAE FIU Sections

MOU’s with Domestic Competent Authorities

  • 1Abu Dhabi Global Market
  • 2Abu Dhabi Police General Headquarter
  • 3Dubai Financial Services Authority
  • 4Dubai Gold and Commodities Exchange
  • 5Dubai International Financial Centre
  • 6Dubai Multi Commodities Centre
  • 7Dubai Police General Headquarters
  • 8Federal Customs Authority
  • 9Ministry of Interior
  • 10Securities and Commodities Authority
  • 11Sharjah Police General Directorate

MOUs’ with Counterpart FIUs
(Egmont and non-Egmont members)

Algeria Armenia Aruba Australia Bahrain
Belgium Bermuda Brazil Canada Cook Islands
Croatia Cyprus Egypt Estonia Finland
Greece India Indonesia Isle of Man Jordan
Kazakhstan Kuwait Lebanon Libya Macedonia
Madagascar Malawi Malaysia Maldives Mauritania
Monaco Montenegro Morocco Namibia Netherlands
Nigeria Pakistan Philippines Poland Portugal
Qatar Russia Saudi Arabia Serbia South Africa
Sudan Sweden Tunisia United Kingdom Ukraine