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, the UAE Central Bank (CBUAE) issued the Guidance for...more
8/25/2022
/ Anti-Money Laundering ,
Compliance ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Guidance ,
Payment Systems ,
Risk Mitigation ,
Terrorism Funding ,
United Arab Emirates (UAE)
The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA.
Key Points:
..Resubmission of a refused PSPR license application will only be accepted nine months after...more
This is the first in a series of articles considering legal issues relating to bitcoin, cryptocurrencies and blockchain in the UAE. In this article we focus on the legal status of bitcoin and address the question of whether...more
New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem.
After a long period of consultation, on 1 January 2017 the Central Bank in...more
New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem.
After a long period of consultation, on 1 January 2017 the Central Bank in...more