Audit firms to fight money laundering in the UAE

UAE - The UAE Ministry of Economy and Commerce intends to bring auditing companies operating in the country into an alliance with the Central Bank and other competent national organisations involved in a crackdown on money laundering and other financial crimes.

The ministry has informed the Central Bank of such measures which call on all auditing firms to support the war against money laundering by reporting any suspected financial operation, ministry sources said.

They said the ministry would