CBUAE issues AML/CFT guidance for insurance sector
The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) requirements specific to the insurance industry. This applies to all UAE-regulated insurers, brokers, and intermediaries. You must review the guidance immediately and ensure your AML/CFT policies, procedures, and controls align with the new standards.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Review the CBUAE guidance and update your AML/CFT compliance framework, policies, and staff training to reflect the new requirements. Consult your compliance and legal teams for implementation timelines.
Source
“The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) requirements specific to the insurance industry.”
— Central Bank of UAE, 22 Dec 2022
Source: Central Bank of UAE — official 22 Dec 2022 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Review the CBUAE guidance and update your AML/CFT compliance framework, policies, and staff training to reflect the new requirements. Consult your compliance and legal teams for implementation timelines.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
22 Dec 2022.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-issues-new-guidance-on-anti-money-laundering-and-combatting-the-financing-of-terrorism-for-the-insurance-sector/
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