What are Anti-Money Laundering rules?

UAE
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What are Anti-Money Laundering rules?

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Anti-Money Laundering rules aim to identify, prevent and combat the crimes of money laundering, terrorism financing and proliferation financing. For example, following legislations form a part of the AML laws of UAE:

  • Federal Decree-Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations
  • Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulation of Decree-Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations
  • Cabinet Decision No. (109) of 2023 On Regulating the Beneficial Owner Procedures
  • Cabinet Decision No. (16) of 2021 Regarding the Unified List of the Violations and Administrative Fines for the Said Violations of Measures to Combat Money Laundering and Terrorism Financing that are Subject to the Supervision of the Ministry of Justice and the Ministry of Economy
  • Cabinet Resolution No. (74) of 2020 regarding the Terrorism Lists Regulation and Implementation of UN Security Council Resolutions on the Suppression and Combatting of Terrorism, Terrorist Financing, Countering the Proliferation of Weapons of Mass Destruction and its Financing, and Relevant Resolutions

To understand the AML rules of UAE in detail, check out our guide here: