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Last updated on 4 March 2024

Total visitors 22017

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History of the UAEFIU

In 1998, the Central Bank of the UAE (CBUAE) established a special unit to investigate fraud and suspicious transactions. In 2002, the unit was named the “Anti Money Laundering and Suspicious Cases Unit” in accordance to Federal Law No. (4) of 2002, which is the first special penal law criminalizing money laundering in the United Arab Emirates.

The most prominent goal of establishing the unit was to contribute in protecting the economy of the United Arab Emirates from the risks of illegal activities such as money laundering and terrorist financing, through cooperation with various partners.

The name of the unit was changed to the “Financial Intelligence Unit” in accordance with Federal Decree Law No. (20) of 2018 regarding combating money laundering crimes, combating the financing of terrorism, and financing illegal organizations, and granting the unit independence and expanded powers that enable it to request information and data from all concerned parties in the country, and exchange information with counterparts in other countries.

For three decades, the FIU has successfully collaborated with local and international law enforcement authorities and other partners to protect the UAE economy from financial crime threats.

Major milestones in our history

1998

Special Unit for investigating fraud and suspicious transactions established

2000

Performing the tasks of Secretariat for the National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organization Committee (NAMLCFTC)

2002

Unit renamed Anti-Money Laundering and Suspicious Cases Unit (AMLSCU), and joined the Egmont Group

2004

Launch of Online Suspicious Transactions Reports System

2007

Managing the first mutual evaluation process for the UAE

2011

Enhance the Online Suspicious Transactions Reports System

2017

Unit renamed to Financial Intelligence Department (FID)

2018

Unit renamed to UAE Financial Intelligence Unit (UAEFIU)

2019

Launch of goAML and IEMS systems

2020

UAEFIU established its brand identity

2021

UAEFIU Website Launch