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Article 36

Date(g): 13/6/2023 | Date(h): 25/11/1444 Status: In-Force

Translated Document

Effective from Jun 13 2023 - Jun 11 2023
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 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.