The Financial Services Regulatory Authority (FSRA) has announced updates to its Anti-Money Laundering and Sanctions Rules and Guidance (AML Rulebook). The revisions aim to clarify requirements in line with the UAE’s federal regulatory framework for combating money laundering, terrorism financing, and proliferation financing, ensuring compliance with targeted financial sanctions. Minor drafting changes have been made to provisions related to wire transfers to explicitly state that the FATF “Travel Rule” applies to Virtual Assets. These changes are applicable to all firms covered by the AML Rulebook, including authorized firms in the financial services sector and Designated Non-Financial Businesses and Professions. For details on the modifications, refer to the FSRA Rules (Anti-Money Laundering and Sanctions Rules and Guidance).
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}