Regulatory Alerts2025-11-07
Guidance for Licensed Financial Institutions on Risks Related to Proliferation Finance
The Central Bank of the UAE issued this guidance to require licensed financial institutions and registered hawala providers to identify, assess, and mitigate proliferation financing risks within their AML/CFT/CPF regimes. The document mandates adherence to international obligations and local laws by implementing risk-based approaches, enhanced due diligence, and targeted financial sanctions to disrupt illicit funding for weapons of mass destruction. Institutions must demonstrate compliance with these statutory expectations within one month of issuance to prevent the evasion of sanctions and the procurement of sensitive goods.
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