Effective from Jun 13 2023 - Jun 12 2023 To view other versions open the versions tab on the right
1.
The licensee shall comply with the laws, regulations, decisions and instructions issued in relation to Anti-Money Laundering and Counter-Terrorism Crimes and Financing, as well as the internal policies and procedures issued in this regard.
2.
The licensee shall adopt a method based on risk assessment and reduction in respect of developing internal policies and procedures for Anti-Money Laundering and Counter-Terrorism Financing, in order to ensure that the procedure undertaken to mitigate the risks of Anti-Money Laundering and Counter-Terrorism Financing are proportional to the identified risks.
