How do you explain Anti-Money Laundering?
Anti-money laundering is a set of laws in regulation that aim to combat the crimes of money laundering, terrorism financing and proliferation financing. In the UAE, the principal AML law is Federal Decree-Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.
To read about AML laws in the UAE, check out our guide here: