Regulatory Alerts2023-12-28
Notice of Amendments to Legislation December 2023
The DFSA Board issued amendments to the DFSA Rulebook following Consultation Paper 151, introducing the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module Instrument (No. 365) 2023. This instrument repeals and replaces the existing AML Module with an updated regulatory framework that takes effect on January 1, 2024. Regulated entities must align their compliance procedures with the revised rules, which are now published on the DFSA website alongside archived versions.
News
Media Releases
Events
Media Kit
Alerts
Back to news
28 Dec 2023, 01:12 pm
Notice of Amendments to Legislation December 2023
Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper 151 the DFSA Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.
TAKE NOTICE THAT:
The DFSA Board made the following Rulemaking Instrument to come into force on January 1, 2024
ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 365) 2023 , which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments)
The rule-making instruments mentioned above and the appendices to this notice can be viewed under the “ Amendments to Legislation ” section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.
Issued
27 December 2023
For better web experience, please use the website in portrait mode