Category: Jurisdiction Briefing
48 posts
In Saudi Arabia a suspicious transaction report has no minimum amount and no hours-based deadline. The law asks for it "promptly and directly", and the Saudi Central Bank (SAMA) asks for more than the report itself: a detailed report, a technical report with…
Two short Divisions of the UAE Executive Regulations sit side by side. Division Eight sets out who the Compliance Officer is and what the role does. Division Nine says what a firm must do when a customer or a transaction comes from a high-risk country.
Regulation 15 of the Financial Intelligence and Anti-Money Laundering Regulations 2018 (FIAML Regulations) sets the rules for politically exposed persons (PEPs). The Bank of Mauritius AML/CFT Guideline restates them at paragraphs 6.156 to 6.160 and then adds…
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…
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…
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.
