Companies must also take appropriate measures to prevent other illegal activities such as the financing of terrorism (CFT). This advisory pertains to the treatment of financial crime risks, following the global COVID-19 outbreak. It is consistent with the Financial Action Task Force (FATF) report (for the UAE) that was released in April 2020. UAE’s authorities recommended using fintech and appropriate regulatory technology (regtech) to help meet relevant KYC/AML requirements.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.