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Central Bank of United Arab Emirates Guidelines

Anti-Money Laundering and Combatting the Financing of Terrorism (2021)

Financial crime remains a key focus area worldwide and in the UAE.

The Central Bank of the United Arab Emirates (CBUAE) has recently issued new guidance notes to assist all Licensed Financial Institutions (LFIs) with their Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) statutory obligations under the legal and regulatory framework in force in the UAE.

Each guidance comes into effect immediately upon its issuance by the CBUAE with LFIs expected to demonstrate compliance with its requirements within one month of the issued date.

As the CBUAE embarks on this complex and crucial task of enhancing the national AML and CFT framework, Deloitte can provide the right expertise, assistance and guidance to support LFIs on their journey to compliance with their AML and CFT obligations.

Click each guidance note below to learn how Deloitte can support you.

Guidance for Licensed Financial Institutions Providing Services to the Real Estate and the Precious Metals and Stones Sectors

Date of issuance: 16 June 2021
Date of compliance: 16 July 2021

Guidance for Licensed Financial Institutions on Suspicious Transaction Reporting

Date of issuance: 7 June 2021
Date of compliance: 7 July 2021

Guidance for Licensed Financial Institutions Providing Services to Legal Persons and Arrangements

Date of issuance: 7 June 2021
Date of compliance: 7 July 2021

For more information on CBUAE’s guidelines on AML and CFT, please visit: https://www.centralbank.ae/en/cbuae-amlcft

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Muzammil Ebrahim

Muzammil Ebrahim

Partner | Head of Financial Crime & Data Analytics

Muzammil is a Partner in Deloitte’s Forensic practice. He is a seasoned Financial Crime and Data Analytics practitioner with over 18 years of experience in both corporate and consulting roles. Muzammi... More