The Central Bank of the UAE (CBUAE) and Mastercard have concluded a capacity-building programme to boost national capabilities to tackle evolving risks across the digital payments ecosystem.
The Association of Chartered Certified Accountants and the Union of Arab Securities Authorities held their first joint regional initiative, bringing together representatives from 11 Arab securities and capital market regulators to discuss emerging fraud risks and ways to strengthen governance and financial market resilience.
A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
Sharjah Police have dismantled four international criminal networks involved in an elaborate AED8.8 billion ($2.4 billion) cyber fraud and money laundering operation, arresting 33 suspects and securing more than AED65 billion in corporate assets in one of the UAE's major crackdowns on organised cross-border financial crime.
