On 1 August 2022, the Central Bank of the United Arab Emirates (UAE) issued financial institutions (FIs) with new guidance on anti-money laundering (AML) risks, requiring them to demonstrate compliance by 1 September 2022. The guidance sets out factors for them to consider when conducting risk assessments on a payment product or service and relationships it maintains with other participants, as well as customer due-diligence, enhanced due-diligence and ongoing monitoring.
News Source：【White & Case 2022/08/18】