Arab central bank hits out

UAE - The UAE central bank has lashed out at a US report claiming the Emirates is in 'the second category' in relation to money laundering.

Having taken widely lauded and bold steps to halt money laundering in the Gulf state the central bank of the United Arab Emirates has criticised a report which claims the Arab state is rife with money laundering.

A statement said: "Money laundering in the UAE is minimal by international standards because the UAE implements the right punishment for crimes th

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