Federal Decree No. 20 of 2018 on Anti-Money Laundering and Countering the Financing of Terrorism

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Law number : No. 20 of 2018
2018/09/23 Laws
Number: No. 20 of 2018

Anti-money laundering laws :

 

Federal Decree No. 20 of 2018 on Anti-Money Laundering and Countering the Financing of Terrorism was issued to develop the legislative and legal structure of the nation to ensure compliance with international standards on anti-money laundering and countering the financing of terrorism. The law aims to:

  • combat money-laundering practices.
  • establish a legal framework that supports the authorities concerned with anti-money laundering and crimes related to money-laundering.
  • counter the financing of terrorist operations and suspicious organisations.