Act 2018

Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering

Effective: 23 Oct 2018

Summary

The UAE's core AML/CFT statute. It criminalises money laundering and terrorist financing, establishes the framework for the UAE Financial Intelligence Unit, and obliges financial institutions and designated non-financial businesses to apply customer due diligence and report suspicious transactions.

Topics: AML / CFT / Sanctions

Official source

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