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Article (1):

CBUAE-BOD 59/4/2019 Effective from 13/7/2019
 Definitions
 
UAE:United Arab Emirates.
 
Decree Federal Law:Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations.
 
Executive Regulation:Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulation of Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations.
 
The Central Bank:Central Bank of the UAE.
 
Financial Institution:Anyone, licensed or registered by the Central Bank, who conducts one or several of the financial activities or operations, defined in Article (2) of the Executive Regulation, of or on behalf of a customer.