FINTRAIL is producing a quarterly regulatory summary of any FinCrime changes that may be occurring across the Middle East.
This issue will cover:
Key updates from regional and local regulators
Key updates from industry guidelines
Additional insights identified from financial intelligence units
September 2021
Some of these key highlights include:
The National Committee for Combating Money-Laundering and Financing of Terrorism and Illegal Organisations, has announced the adoption of a regulatory framework for virtual assets in the UAE.
The Central bank of UAE has published a report on Typologies in the Financial Sector.
The EU has adopted a framework for targeted sanctions against people and entities “responsible for undermining democracy or the rule of law in Lebanon”
What other developments have caught your eye in the region?
If you are interested in speaking to the FINTRAIL team about any of the items in the REG-CAP, have any ideas for inclusion or want to discuss any other financial crime topic please get in touch at: contact@fintrail.co.uk