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Central bank has told financial establishments in the UAE to report any accounts belonging Mubarak and his family. (FILE)
The central bank has told financial establishments in the UAE to report any accounts belonging to 150 persons, including former Egyptian president Hosni Mubarak and his family, a newspaper reported on Wednesday.
In a letter sent to the country’s 51 banks as well as finance and investment companies, the central bank identified 150 people from different nationalities and asked those institutions to provide details of their accounts within three days, the Arabic daily Alroya Aliqtisadia said.
“The list includes Mubarak, his wife and his sons in addition to prominent personalities and businessmen,” the paper said in its unsourced report.
“It asked its anti laundering unit to get these information within three days and stressed that the reports on those accounts must be in detail and include the deposited funds, transferred money and withdrawn funds, as well as the beneficiaries, senders and the source of transfers since the date of the opening of those accounts…they also must be accompanied with documents detailing statements, accounts dates, transfers and withdrawals.”
The paper said the central bank also told banks to supply copies of SWIFT transfers and applications for any loans and financial facilities by those persons.
Banks were also told not to directly inform the concerned persons that their accounts are under scrutiny in line with the 2002 federal law number 13 concerning money laundering crimes.
In a recent report, the central bank said the UAE’s 23 national banks and 28 foreign units detected 479 money laundering cases in the first quarter of 2011 and reported them to the concerned authorities.
The report showed the total suspicious money laundering and terror funding cases stood at 572 in the first quarter of this year.
It showed 68 cases were reported by money exchange shops and the rest by insurance and other companies operating in the UAE.
Speaking to reporters last week, a senior anti-laundering official at the central bank said a record high number of 2,711 laundering cases were reported in 2010, an increase of nearly 55 per cent of 2009, when they stood at 1,750.
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