Legislation

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.