The Central Bank of the United Arab Emirates has rolled out a comprehensive set of updated anti-money laundering and counter-terrorism financing guidelines, reinforcing the country’s regulatory framework and sharpening the financial sector’s ability to detect and prevent illicit activity.
The new guidance aligns with international best practices and supports the UAE’s National Strategy 2024–2027, as well as standards set by the Financial Action Task Force. It targets Licensed Financial Institutions and Registered Hawala Providers, equipping them with clearer frameworks to identify and manage risks related to money laundering, terrorism financing, and proliferation financing.
At the core of the update are four regulatory guidance documents. These cover proliferation financing risks, trade-based money laundering and transshipment, correspondent banking relationships, and customer due diligence requirements. Each document outlines practical expectations, from risk assessment methodologies to monitoring emerging threats and strengthening internal controls.
In parallel, the central bank has introduced two best-practice manuals focused on risk-based approaches and role-specific training. These aim to enhance institutional risk assessments and improve employee capability in identifying suspicious transactions at an early stage.
CBUAE Governor Khaled Mohamed Balama said the initiative reflects a continued commitment to safeguarding the integrity of the UAE’s financial system. He noted that the guidance is designed to raise sector-wide awareness, strengthen compliance, and ensure institutions can respond effectively to evolving financial crime risks.
The latest measures underscore the UAE’s broader efforts to maintain its position as a secure and trusted global financial hub, while contributing to the stability of the international financial system.
News Source: Emirates News Agency
