Insights
Chapter 14 of the FSRA's Anti-Money Laundering and Sanctions Rulebook, AML VER11.210526, governs what happens inside a firm between someone noticing something and a report reaching the UAE Financial Intelligence Unit (FIU). This briefing follows a suspicion…
A firm in the Qatar Financial Centre can take on a customer without conducting customer due diligence (CDD) itself, if the customer arrives by one of three routes in the Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR): an…
An individual sending money through a Saudi remittance centre need not hold a bank account, but must hold a membership. The Saudi Central Bank (SAMA) builds its remittance centre rules around this "remittance membership": a contract, a number linked to the…
The Executive Regulations treat a cross-border payment as a chain. An originating institution sends it, an intermediary receives and transmits it, and a beneficiary institution is the end point. The duties along that chain are not the same.
Section 17F of the Financial Intelligence and Anti-Money Laundering Act (FIAMLA) sets a seven-year record-keeping rule. Chapter 10 of the Bank of Mauritius AML/CFT Guideline restates it and adds to it. The number is the same throughout. The event that starts…
Global enforcement actions, regulatory moves & intelligence from the world of AML & financial crime.
On 15 October 2026 the DFSA announced a financial penalty of USD 454,367.05 on Hayman-Woodward Global Mobility Services (DIFC) Ltd (HWW). The firm had carried on company service provider services in or from the DIFC without being registered as a Designated…
Version 5 of the Qatar Financial Centre's Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR) gave a fixed date for the MLRO's annual report, with senior management's written confirmation, to reach the regulator: before 1 June…
Saudi Arabia's wire transfer rules start with a core list: the originator's and beneficiary's names and account numbers travel with the payment. The Saudi Central Bank (SAMA) then adds requirements of its own: the purpose of the transfer, a declaration from…
Every control in an AML programme rests on a judgement about risk: how much due diligence, how often to review, which alerts matter. Before the Executive Regulations reach customer due diligence, they require that judgement to be made, written down and kept…
A working session with your compliance team, then a walkthrough against your own risk appetite: the lifecycle end to end, scoring weights set to your policy, and a review of the audit trail the system produces.
