Syria
1 regulator · 4 laws & regulations · 3 obligations
| Law or regulation | Type | Year | Regulator | Source |
|---|---|---|---|---|
| Labour Law No. 17 of 2010 status not recorded | Act | 2010 | — | official |
| Legislative Decree No. 55 of 2006 on the securities market and its amendments (المرسوم التشريعي رقم 55 للعام 2006 وتعديلاته، قانون سوق الأوراق المالية) | Act | 2006 | SCFMS | official |
| Law No. 22 of 2005 establishing the Syrian Commission on Financial Markets and Securities (قانون هيئة الأوراق والأسواق المالية السورية رقم 22 لعام 2005) | Act | 2005 | SCFMS | official |
| Basic Monetary Law No. 23 of 2002 (قانون النقد الأساسي رقم 23 لعام 2002) | Act | 2002 | — | official |
| No instruments match these filters. | ||||
Industry compliance
Essential obligations
All obligations →| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| AML/CFT internal controls, training and responsible officer | Ongoing | — | source | |
Art. 5 requires banks and financial institutions registered with the Central Bank to appoint an officer or form a committee for AML/CFT at a high functional level, and to train staff on monitoring financial and banking transactions. |
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| Registration of banks before accepting public deposits | Before starting deposit-taking | — | official | |
Art. 94 allows only registered banks to accept deposits from the public; Art. 90 enters licensed banks in the bank register. Article numbers read from an OCR scan. |
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| Retention of AML identification and transaction records | At least 5 years after the transaction or account closure | — | source | |
Art. 5 requires banks to keep records for at least five years after the transaction or account closure. Art. 4 sets a minimum of five years from the end of the transaction or of the client relationship, whichever is longer, for exchange houses, insurers and other listed entities. |
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| No obligations match these filters. | ||||
Quick links — official sites
- SCFMS — Syrian Commission on Financial Markets and Securities
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