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Matthew Shanahan

Matthew Shanahan is a partner in the Dubai office of Baker McKenzie Habib Al Mulla and a member of the Firm's Banking & Finance Practice Group. Having worked for three years at the UK Financial Services Authority and seven years in the legal division of the Dubai Financial Services Authority (DFSA), he has extensive experience of financial services regulators, and financial services regulatory regimes.

Greater scrutiny into financial crimes The newly enacted Federal Law No. 20 of 2018 on Anti-Money Laundering Law (AML Law) contains important improvements over the prior legal framework to combat financial crimes. For the first time, digital currencies are brought within the ambit of the law, targeting online money laundering…

October 2018 The state of United States (US), European Union (EU), and other sanctions regimes is in flux like never before, with significant implications for Middle East trade and finance. US sanctions against Iran are increasing following the US withdrawal from the Iran nuclear deal (the 2016 Joint Comprehensive Plan of Action (JCPOA)),…