UAE central bank issues new anti-money laundering guidance
Published 29 Jun,2021 via Arab News - Economy DUBAI - The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combating the financing of terrorism for its licensed nstitutions that provide services to the real estate and precious metals and stones sectors.
The guidance, which came into effect on June 20, will assist the understanding and mitigation of risks, the central bank said in a statement carried by the official WAM news agency.
The guidance also takes into account the standards issued by Financial Action Task Force (FATF).
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