Arab Monetary Fund

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India’s ED Freezes Assets Of Amnesty International On Money Laundering Charges

The Enforcement Directorate on Tuesday said it has attached over Rs 17 crore bank deposits in connection with its money laundering case against two entities of Amnesty International (India), the global human rights watchdog. The agency said in a statement that a provisional order has been issued under the Prevention… Read More

Senators warn Europe against flouting US Iran sanctions

AP — A group of Republican senators on Thursday warned European nations not to try to flout U.S. sanctions on Iran that will soon be re-imposed after President Donald Trump withdrew from a landmark nuclear accord. The 10 senators, all of whom opposed the 2015 agreement,… Read More

Compliance: Arab states finalize regional payment and settlement system

Arab countries have finalised plans to create an independent, regional cross-border payments system after current arrangements were hit by a rise in compliance costs and downsizing by some international banks. At present, many cross-border payments and settlements among Arab countries are carried out by correspondent banks, which act as agents… Read More