Regulatory Alerts2025-09-30
Federal Decree-Law No. 10 of 2025 Regarding Anti-Money Laundering, Counter-Terrorism Financing and Proliferation Financing
Issued by the President of the United Arab Emirates upon the Minister of Finance’s proposal, this Federal Decree-Law establishes a comprehensive legal framework to combat money laundering, terrorism financing, and proliferation financing. The legislation defines critical terms, designates supervisory authorities and a dedicated Financial Intelligence Unit, and mandates robust customer due diligence for financial institutions, designated non-financial businesses, professions, and virtual asset service providers. It empowers authorities to swiftly freeze, seize, or suspend suspicious transactions without prior notice, clarifies independent criminal liability for money laundering regardless of predicate offense conviction, and extends regulatory coverage to digital systems and cryptographic technologies.