Regulatory Alerts2025-11-07
Guidance for Licensed Financial Institutions on Risks Related to Trade-Based Money Laundering and Transshipment
The Central Bank of the United Arab Emirates issued this guidance to require licensed financial institutions to identify, assess, and mitigate risks associated with trade-based money laundering and illicit transshipment. The document details specific typologies, such as over- and under-invoicing, and highlights vulnerable economic sectors including gold, agricultural products, and portable electronics. Institutions must implement enterprise-wide risk assessments, enhanced due diligence, transaction monitoring, and reporting mechanisms to comply with UAE anti-money laundering regulations.
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