Anti-Money Laundering

This book critically analyses the role of the
United Arab Emirates Financial Intelligence Unit (FIU) in the Suspicious
Activities Reports regime. The author pays particular attention to its
functions and powers in dealing with Suspicious Activities Reports and relevant
requirements imposed upon the reporting entities. In the analysis, the author
also compares the United Arab Emirates FIU model to the United Kingdom FIU
model.

In addition, the book investigates whether
the current United Arab Emirates FIU model complies with the relevant
international recommendations developed by the Financial Action Task Force in
relation to the establishment of the unit, as well as its powers and functions.

This
book suggests that more can be done to
improve the current functions and powers of the United Arab Emirates FIU in an
international context.
Furthermore, the author suggests that the functions and powers of the United FIU
model both comply with the international requirements and beneficially extend
beyond their directives.

1) Introduction.- 2) Literature Review.- 3) Banking confidentiality versus disclosure.- 4) The Nature of the FIU from the Perspective of International Standards.- 5) The Emergence of the United Arab Emirates' FIU in Counteracting Money Laundering.- 6) Empirical Investigation in Relation to the AMLSCU.- 7) The United Kingdom's Anti-Money Laundering Legislation and System.- 8) The United Kingdom's SARS Regime on Money Laundering.- 9) The Role of the SOCA, Now the NCA, in the SARS Regime.- 10) Recommendations and Conclusion.