Regulatory Alerts2025-10-29
Cabinet Resolution No. 134 of 2025 on Executive Regulations for Federal Decree-Law No. 10 of 2025 Regarding Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Financing
The UAE Cabinet issued Resolution No. 134 of 2025 to establish executive regulations implementing Federal Decree-Law No. 10 of 2025 on anti-money laundering, counter-terrorism financing, and proliferation financing. The resolution formally defines regulated entities including financial institutions, designated non-financial businesses and professions, and virtual asset service providers, while specifying their core activities and transaction thresholds. It mandates these entities to adopt a risk-based approach, implement robust customer due diligence and beneficial ownership identification procedures, and maintain senior-approved internal policies to mitigate crime risks.
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