Tag: know-your-regulator
25 posts · know-your-regulator
On 1 July 2026 the Saudi Central Bank (SAMA) issued circular No. (482004268), dated 16/1/1448H, updating its Account Opening Rules by adding bank account opening requirements for non-residents covered by the Law of Real Estate Ownership by Non-Saudis. The…
A penalties slide with one headline figure on it does not describe the UAE's AML law. Federal Decree by Law No. (10) of 2025 Regarding Anti-Money Laundering, and Combating the Financing of Terrorism and Proliferation Financing puts administrative penalties in…
A national strategy is not a rulebook, and this one does not pretend to be. It is still the clearest published statement of where Mauritian supervisors, the FIU and law enforcement intend to put their effort over the next few years, and several of its actions…
ESAAMLG's third-round assessments calendar lists Mauritius's last evaluation as July 2018, a possible on-site visit in January/February 2028 and a possible plenary discussion in August/September 2028. Those are scheduled windows, not events that have…
As late as April 2026, one section of the FSRA's Anti-Money Laundering and Sanctions Rulebook covered every kind of transfer. In the FSRA's own words, AML 10.3 "has governed wire transfers and all other value transfer arrangements", transfers of virtual…
A screening tool that carries the UN list and whatever the vendor ships by default is not, on its own, what the QFC Regulatory Authority is asking for. Its Guidance on the Implementation of an Effective Sanctions Compliance Programme, marked V1.0 and dated…
Section 19H(1)(d) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) gives a regulatory body a set of administrative sanctions it can apply to a member under its purview: a private warning, a public censure, a ban of up to 5 years where…
"Know Your Vendor" is a process label, not an instrument. That is why a search for it in a rulebook comes back empty, and why firms sometimes conclude the duty is a matter of good practice rather than law.
If your STR procedure ends at the moment of lodgement — suspicion formed, MLRO decides, report goes to the financial intelligence unit, file closed, customer handled carefully from then on — it is incomplete for a firm inside the Qatar Financial Centre. The…
Section 14(1) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires every reporting person or auditor, as soon as he becomes aware of a suspicious transaction, to make a report to the FIU "promptly but not later than 5 working…
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.
