Regulatory Alerts2021-01-01
Decision No. (2) of 2021
The Financial Regulatory Authority’s Board of Directors issued Decision No. (2) of 2021 to establish supervisory regulations for combating money laundering and terrorist financing. The decision mandates specific compliance frameworks tailored for entities operating within non-banking financial activities. It outlines the regulatory oversight mechanisms and operational requirements that these financial entities must implement to ensure adherence to anti-money laundering and counter-terrorist financing standards.
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