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Last updated on 14 October 2021

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History of the UAE FIU

In 1998, the Central Bank of the UAE (CBUAE) established a special unit for investigating fraud and suspicious transactions, which was renamed the Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) in 2002.

The aim of this unit was to protect the UAE economy from risks of illegitimate activities such as money laundering and financing of terrorism, in collaboration with stakeholders. 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 the Financial Intelligence Unit (FIU).

 

In the FIU’s 23-year history, it has collaborated successfully with both domestic and international law enforcement authorities and other stakeholders to protect the UAE economy from the threat of financial crime.

Major milestones in our history

1998

Special Unit for investigating fraud and suspicious transactions established

2002

Unit is renamed Anti-Money Laundering and Suspicious Cases Unit (AMLSCU), gained independence from CBUAE and joined the Egmont Group

2013

Launch of Online STR System

2017

Financial Intelligence Department (FID) established

2018

Unit renamed to UAE Financial Intelligence Unit (UAE FIU)

2019

Launch of goAML and IEMS

2020

UAE FIU established its brand identity

2021

UAE FIU Website Launch