The event raises efficiency and infrastructure security level of the financial sector; Sharing of knowledge and experiences contributes to strengthening the capabili.
The guidance is part of the rapidly evolving rules on anti-money laundering and aims to promote UAE as a jurisdiction compliant with best practices. On August 1, 2022,.
On 1 August 2022, the Central Bank of the United Arab Emirates (the "CBUAE") issued "Guidance for Licensed Financial Institutions ("LFIs") on the risks relating to payments" (the.
ABU DHABI, 2nd August, 2022 (WAM) The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks related to Politically Exposed Persons (PEPs).
The guidance will assist LFIs' understanding of risks and effective implementation of their statutory AML/CFT obligations and takes Financial Action Task Force (FATF) standards into account.
The guidance requires Licensed Financial Institutions to demonstrate compliance with its requirements within one month. Customers.