UAE – The Financial Action Task Force (FATF) has acknowledged that the United Arab Emirates has made positive progress in its anti-money laundering (AML), opposing the financing of terrorism (CFT), and counter-proliferation financing (CPF) efforts. The UAE has indicated its strong commitment to working closely with FATF to address remaining areas of improvement through the implementation of an action plan. …

Malaysia – The Malaysian Anti-Corruption Commission (MACC) has found several dubious expenses in an investigation into allegations of misuse of MARA Corporation (MARA Corp) corporate credit cards. A source from MACC said, as a result, the management of MARA Corp, an investment holding company of Majlis Amanah Rakyat (MARA), was asked to come to the MACC headquarters in Putrajaya tomorrow …