UAE – Workshop on anti-money laundering
Wednesday, 11 07 2018, Category: Insurance and Reinsurance, Country: U.A.E
In line with Federal law No (4) of year 2002, its amendments, and its executive rules covering anti-money laundering and combatting the financing of terrorism and in compliance with the decision of the board of the Insurance Authority No (13) of year 2015 on anti-money laundering and the combatting of the financing of terrorism in all insurance activities, the Insurance Authority held a workshop in collaboration with the central bank on “building capacity and controls at insurance companies to fight money laundering and the financing of terrorism in all insurance activities”.
Both the federal law and its executive rules were explained to that end in addition to legislations issued by the Insurance Authority for the same purpose. This workshop trains the employees of insurance companies and related professions and updates them on the latest developments related to the prevention of this type of crime.
Source: Economic Al Khaleej