Regulatory Alerts2021-01-01
Decision No. (2) of 2021 regarding the Supervisory Controls in the Field of Combating Money Laundering and Terrorist Financing for Entities Operating in Non-Banking Financial Activities
The Financial Regulatory Authority's Board of Directors issued Decision No. (2) of 2021 to establish comprehensive supervisory controls for combating money laundering and terrorist financing. This regulation mandates compliance frameworks specifically tailored to entities operating within non-banking financial activities. It standardizes regulatory oversight and reporting obligations across the sector to mitigate financial crime risks effectively.
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