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UAE issues guidance on anti-money laundering for insurers

Posted On: Jan. 10, 2023 9:39 AM CST

The U.A.E. Central Bank has issued new guidance on anti-money laundering and combating the financing of terrorism for the insurance sector, Middle East Insurance Review reports. The guidance, effective December 2022, will assist entities in understanding the risks and effective implementation of their statutory obligations and includes steps on how they can apply preventive measures to identify and mitigate such issues.