CBUAE issues new guidance AML/CFT for LFIs on payments risks - Sharjah24

Sharjah 24- WAM: The Central Bank of the UAE (CBUAE) has issued a 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 payments.

The guidance, which comes into effect today, will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations, and takes Financial Action Task Force (FATF)… [+1903 chars]

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