UAE: Seven Law Firms Fined for Breaching Anti-Money Laundering Regulations

UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. REUTERS/Ahmed Jadallah
UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. REUTERS/Ahmed Jadallah
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UAE: Seven Law Firms Fined for Breaching Anti-Money Laundering Regulations

UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. REUTERS/Ahmed Jadallah
UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. REUTERS/Ahmed Jadallah

UAE’s Justice Ministry has imposed a Dh100,000 ($27,200) fine on seven law firms for continuing to violate anti-money laundering (AML) and counter-terrorism financing (CTF) measures.

The action was taken in accordance with the provisions of Federal Law No. 20 of 2018 on countering money laundering, terrorist financing, and illegal organizations.

“These measures are part of the UAE’s continuous and extensive efforts to address the risks associated with financial crimes, and reflect the strong commitment of the Ministry of Justice towards strengthening its AML and the CTF supervisory role over legal professionals,” the Justice Ministry said in a statement on Sunday.

In support of these objectives, the ministry has recently announced numerous legal measures against non-compliant lawyers, most notably the decision to suspend 200 law firms from practicing for one month due to non-compliance with anti-money laundering measures.

In response to these measures, 193 law firms have managed to rectify their compliance shortcomings, leading the Ministry of Justice to lift the suspension measures imposed previously upon them.

However, seven out of the 200 law firms fall short of taking necessary corrective actions, and therefore received a fine as per pertinent laws and regulations.

The ministry emphasized the importance of law firms’ full compliance with AML and the CTF policies and regulations, as it underscores the UAE’s commitment towards fulfilling its obligations in combating money laundering and terrorist financing.

The ministry also praised the constructive partnership it has with legal professionals in the UAE, and the commitment of the vast majority of law firms to meeting their AML and the CTF obligations.

The fight against money laundering and terrorist financing is of utmost importance for the UAE, as demonstrated by the recent decision to form the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism under the Chairmanship of Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the ministry concluded.



World Defense Show in Riyadh Witnesses Signing of Important Agreements

Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz signs an agreement with his Slovakian counterpart. SPA
Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz signs an agreement with his Slovakian counterpart. SPA
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World Defense Show in Riyadh Witnesses Signing of Important Agreements

Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz signs an agreement with his Slovakian counterpart. SPA
Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz signs an agreement with his Slovakian counterpart. SPA

Saudi Minister of Defense and Vice Chairman of the Board of Directors of the General Authority for Military Industries (GAMI) Prince Khalid bin Salman bin Abdulaziz inaugurated in Riyadh the third edition of the World Defense Show, organized by GAMI until February 12.

At the Saudi Arabian Military Industries (SAMI) Group pavilion, the Defense Minister launched on Sunday SAMI Land Company, SAMI Autonomous Company, SAMI Land Industrial Complex, and the HEET Program.

He also unveiled the SAMI Local Content Program (RUKN), the group's flagship supply chain program.

Prince Khalid and his South Korean counterpart witnessed the signing of a memorandum of understanding between the Saudi General Authority for Defense Development and the Korean Agency for Defense Development.

The agreement focuses on defense research, development, and innovation in advanced military technologies and systems.

The Saudi Defense Minister also signed three defense cooperation agreements with Slovakia, Malaysia, and Somalia.

Furthermore, the National Industrial Development Center signed a cooperation memorandum with European aerospace corporation Airbus to explore opportunities for developing and localizing the aviation and helicopter industry in Saudi Arabia.

Under the memorandum, the two sides aim to strengthen collaboration to establish an integrated aviation industrial base in the Kingdom. They will study the creation of an engineering center to develop national capabilities in manufacturing, assembly, maintenance, and repair, alongside a supporting logistics network.

The agreement also covers technology and knowledge transfer, encouraging global suppliers to invest in Saudi Arabia, and developing Saudi talent through educational and training partnerships with domestic institutions. It includes coordination with relevant authorities to examine procurement options, support the shift toward exports, and explore incentives and financing mechanisms to enhance project readiness and competitiveness.

GE Aerospace and the Middle East Propulsion Company Ltd. (MEPC) announced signing three new agreements to enhance operational readiness for the Royal Saudi Air Force (RSAF) F110 fleet and build in-country capabilities.

Leveraging their decade-old partnership, are focused on the RSAF’s F110-129 engines and will also support F110-129 customers across the broader region.

These agreements represent Phase 3 of a long-term initiative, building on the success of similar Phase 1 and 2 agreements, which saw GE Aerospace providing repair and overhaul services support to MEPC.

The agreements seek to ensure sustained material supply and comprehensive maintenance and repair services support for the RSAF F110 Engine Structural Integrity Program (ENSIP).

They highlight the shared vision of both companies to advance the safety, efficiency, and operational excellence of defense aircraft in the wider Middle East.

MEPC Managing Director Mohammed Alnawkhani said: “These agreements represent the next phase of our strategic partnership with GE Aerospace and a major step forward in enhancing readiness for the RSAF F110 fleet.”

“Together, we are expanding in-Kingdom F110-129 sustainment capabilities, ensuring long-term material availability, and delivering the high standards of safety and performance required by our customers in the Kingdom and across the region.”

“This milestone also strengthens localization efforts in support of Saudi Vision 2030, contributing to national industrial development and building sovereign aerospace sustainment capabilities,” he added.

Salim Mousallam, Vice President, Defense & Systems for the Middle East, Africa, and Türkiye at GE Aerospace said that the enduring partnership with MEPC is a testament to the company’s shared vision of enhancing in-country capabilities and ensuring peak operational readiness through maximized availability for its customers.

“These agreements will significantly increase engine availability, streamline MRO processes, and directly support the RSAF’s critical missions. As a trusted partner to the Kingdom, we are proud to provide high-quality services to MEPC, reducing maintenance burden and service disruptions for their mission-critical F110 fleet,” he said.

Under the F110-129 Material Support Agreement, GE Aerospace will provide essential ENSIP Kits (F110-129 parts) to support MEPC in performing the necessary overhaul of RSAF F110-129 engines within the Kingdom.

The F110-129 repair and overhaul agreement further solidifies the provision of comprehensive repair and overhaul services specifically for the Royal Saudi Air Force fleet. GE Aerospace also signed a new F110-129 services agreement to extend critical repair and overhaul capabilities to support other F110 customers across the region.


Kuwait Includes 8 Lebanese Hospitals on 'Terror' List

Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
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Kuwait Includes 8 Lebanese Hospitals on 'Terror' List

Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA

Kuwait's foreign ministry issued on Sunday a circular indicating that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.”

Lebanon's health ministry expressed surprise and said it would seek clarification.

It said it received the Kuwaiti statement "with great surprise", adding it had not been provided with "any information or notification from any Kuwaiti entity about this matter.”

"The hospitals mentioned in the statement are registered with the syndicate of private hospitals in Lebanon and carry out their role in providing treatment and health services to all Lebanese without exception," the ministry statement said.

It called the facilities "an essential part of the Lebanese health system,” and said it would contact the relevant authorities to request clarification and "protect Lebanon's health system.”

It noted that "Kuwait has numerous joint projects with the ministry... and has been among the most prominent countries that have stood by the health system during the successive crises that Lebanon has faced.”

The latest move was "unprecedented and inconsistent" with the Gulf country's usual approach, it added.


Saudi and Guatemalan FMs Discuss Bilateral Ties

The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
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Saudi and Guatemalan FMs Discuss Bilateral Ties

The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Sunday with his Guatemalan counterpart Carlos Ramiro Martínez in Riyadh.

During the meeting, they reviewed bilateral relations and discussed developments of mutual interest.