Cabinet Resolution No. (134) of 2025 Regarding the Executive Regulations of Federal Decree by Law No. (10) of 2025 Regarding Anti-Money Laundering, and Combating the Financing of Terrorism and Proliferation Financing

Article 1 ¶

The definitions set forth in Federal Decree by Law No. (10) of 2025, referred to hereinabove, shall apply... Companies: Senior Management: Intermediary Financial Institution: Beneficiary Financial Institution: Financial Institutions: Designated Non-Financial Businesses and Professions (DNFBPs): Commercial Gaming: Commercial Gaming Operators: Virtual Asset Service Providers: Trust Protector: Nominator: Nominee Shareholder: Nominee Director: Beneficial Owner: Reasonable Measures: Business Relationship: Correspondent Banking Relationship: Payable-Through Accounts: Financial Group: International Core Principles for Financial Supervision: Wire Transfer: Shell Bank: Population Register: High-Risk Customers: Politically Exposed Persons (PEPs): Adequate Information: Accurate Information: Up-to-Date Information: Decree by Law:

Chapter Two: Financial Institutions, Designated Non-Financial Businesses and Professions, Virtual Asset Service Providers
Part One: Financial Institutions and Designated Non-Financial Businesses and Professions
Division One: Nature of Financial Institutions and Designated Non-Financial Businesses and Professions
Financial Institutions shall include any person who, as a commercial activity, carries out one or more... [preview truncated]

Article 3 ¶

Designated Non-Financial Businesses and Professions (DNFBPs) shall include any person who carries out... [preview truncated]

Article 4 ¶

Virtual Asset Activities shall include the following activities or operations: 1. Exchange between Virtual... [preview truncated]
Division Two: Risk Identification and Risk Mitigation: Article (5)
1. Financial Institutions, DNFBPs, and Virtual Asset Service Providers shall identify, understand, m... [preview truncated]
Division Three: Customer Due Diligence and Beneficial Owner Identification Procedures: Article (6)
1. Financial Institutions, DNFBPs, and Virtual Asset Service Providers shall verify the identity of... [preview truncated]

Article 7 ¶

1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]

Article 8 ¶

Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]

Article 9 ¶

1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]

Article 10 ¶

Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]

Article 11 ¶

Where the Customer, or the controlling owner, is a company listed on a securities market that is sub... [preview truncated]

Article 12 ¶

1. In addition to the Due Diligence measures required in respect of the Customer and the Beneficial... [preview truncated]

Article 13 ¶

Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]

Article 14 ¶

1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]

Article 15 ¶

Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]
Division Four: Politically Exposed Persons: Article (16)
1. In addition to applying Customer Due Diligence measures, Financial Institutions, Designated Non-F... [preview truncated]
Division Five: Suspicious Transaction Reports: Article (17)
Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]

Article 18 ¶

1. Where Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual As... [preview truncated]

Article 19 ¶

1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]
Division Six: Reliance on a Third Party: Article (20)
1. Taking into account the countries identified by the National Committee as high-risk and countries... [preview truncated]
Division Seven: Internal Supervision and Foreign Branches and Subsidiaries: Article (21)
Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]
Division Eight: Duties of the Compliance Officer: Article (22)
Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Servi... [preview truncated]
Division Nine: High-Risk Countries: Article (23)
1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]
Division Ten: Requirements Relating to New Technologies: Article (24)
1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]
Division Eleven: Record-Keeping: Article (25)
1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Se... [preview truncated]

Part Two: Obligations Specific to Financial Institutions
Division One: Correspondent Banking Relationship: Article (26)
1. Prior to entering into a Correspondent Banking Relationship or any other similar relationship, Fi... [preview truncated]
Division Two: Money or Value Transfer Services (MVTS): Article (27)
1. Money or Value Transfer Service Providers shall be licensed by or registered with, the concerned... [preview truncated]
Division Three: Wire Transfers: Article (28)
1. Financial Institutions shall verify the accuracy of originator information in all international W... [preview truncated]

Article 29 ¶

1. Intermediary Financial Institutions shall ensure that all originator and beneficiary information... [preview truncated]

Article 30 ¶

1. Beneficiary Financial Institutions shall take Reasonable Measures to identify international Wire... [preview truncated]

Article 31 ¶

1. Money or Value Transfer Service Providers shall comply with all relevant requirements set out in... [preview truncated]
Division Four: Financial Groups: Article (32)
Financial Groups shall implement group-wide programs for combating Crime, which shall be applicable... [preview truncated]

Article 33 ¶

1. Financial Institutions shall ensure that their foreign branches and subsidiaries, in which they h... [preview truncated]

Part Three: Obligations Specific to Non-Profit Organizations

Article 34 ¶

1. Non-Profit Organizations shall, in coordination with the concerned Supervisory Authority, underta... [preview truncated]

Part Four: Obligations Specific to the Supervisory Authority of Virtual Asset Service Providers

Article 35 ¶

1. The Supervisory Authority responsible for Virtual Asset Service Providers may issue decisions, ci... [preview truncated]

Part Five: Obligations Specific to Virtual Asset Service Providers and the Scope of Their Application

Article 36 ¶

1. Any natural or legal person conducting any Virtual Asset Service Provider activity, offering rela... [preview truncated]

Chapter Three: Transparency and Beneficial Ownership
Part One: Obligations of the Registrar, Companies, Nominee Directors, and Nominee Shareholders

Article 37 ¶

1. The Registrar shall be responsible for registering all Companies and for providing information re... [preview truncated]

Article 38 ¶

1. Companies shall be required to obtain and retain the following: a. The Basic Information refe... [preview truncated]

Article 39 ¶

Subject to the legislation in force in the State, and for the purposes of preventing and mitigating... [preview truncated]

Article 40 ¶

The Registrar, Companies, persons responsible for their management or liquidation, and any other per... [preview truncated]

Part Two: Obligations Relating to Legal Arrangements

Article 41 ¶

1. The competent authorities responsible for regulating Legal Arrangements shall have mechanisms ava... [preview truncated]

Part Three: Prohibition of Invoking Bank or Professional Secrecy, or Contractual Liability

Article 42 ¶

Banking secrecy, professional secrecy, or contractual liability may not be invoked to prevent the ap... [preview truncated]

Part Four: Access to Information

Article 43 ¶

1. The Concerned Authorities, in particular the Public Prosecution, Law Enforcement Authorities, and... [preview truncated]

Chapter Four: The Financial Intelligence Unit and the National Committee
Part One: Independence of the Unit

Article 44 ¶

1. The Unit shall operate as the national center for receiving Suspicious Transaction reports and ot... [preview truncated]

Part Two: Competences of the Unit

Article 45 ¶

The Unit shall have the following competences: 1. Establishing its organizational structure and inte... [preview truncated]

Article 46 ¶

In carrying out its functions in relation to Suspicious Transaction reports, the Unit shall have the... [preview truncated]

Article 47 ¶

For the purpose of performing its functions at the international level, the Unit shall have the foll... [preview truncated]

Part Three: Competences of the National Committee

Article 48 ¶

The competences of the National Committee shall be expanded to include the following: 1. Identifying... [preview truncated]

Chapter Five: Supervisory Authority
Part One: Supervisory Authority over Financial Institutions, DNFBPs, and Virtual Asset Service Providers

Article 49 ¶

The competences of Supervisory Authorities shall be expanded to include the following: 1. Identifyin... [preview truncated]

Part Two: Supervisory Authority over Non-Profit Organizations

Article 50 ¶

The Supervisory Authority for Non-Profit Organizations shall have the following competences: 1. Obta... [preview truncated]

Chapter Six: Provisional Measures and Investigation Procedures
Part One: Provisional Measures

Article 51 ¶

1. The Chief of the Unit may order the suspension or cessation of a Transaction suspected of being r... [preview truncated]

Article 52 ¶

1. The Public Prosecution and the competent court, as the case may be, may order, without prior noti... [preview truncated]

Article 53 ¶

1. The Public Prosecution and the competent court, as the case may be, may: a. Assign the accuse... [preview truncated]

Article 54 ¶

1. Orders to freeze Funds held by Financial Institutions, DNFBPs, or Virtual Asset Service Providers... [preview truncated]

Part Two: Investigation Procedures

Article 55 ¶

1. The Public Prosecution, on its own initiative or at the request of Law Enforcement Authorities, w... [preview truncated]

Chapter Seven: National Cooperation and Coordination

Article 56 ¶

1. Concerned Authorities shall cooperate and exchange expertise and information among themselves, in... [preview truncated]

Chapter Eight: International Cooperation and Asset Recovery
Part One: General Provisions on International Cooperation

Article 57 ¶

In applying the provisions of this Chapter, due regard shall be given to the legislation in force in... [preview truncated]

Article 58 ¶

For the purpose of requesting and executing international cooperation requests relating to the Crime... [preview truncated]

Article 59 ¶

The Concerned Authorities shall give priority to all international cooperation requests, particularl... [preview truncated]

Article 60 ¶

1. International cooperation requests shall not be refused or subjected to unreasonable or unjustifi... [preview truncated]

Part Two: Exchange of Information Between the Concerned Authorities and Foreign Counterpart and Non-Counterpart Authorities

Article 61 ¶

The Concerned Authorities shall exchange Crime-related information with competent foreign authoritie... [preview truncated]

Article 62 ¶

1. The Concerned Authorities shall exchange information relating to Companies and Legal Arrangements... [preview truncated]

Article 63 ¶

The Supervisory Authority for Financial Institutions shall: 1. Exchange Crime-related information th... [preview truncated]

Article 64 ¶

1. The Concerned Authorities shall apply the provisions of this Chapter in exchanging information an... [preview truncated]

Article 65 ¶

The Law Enforcement Authorities shall: 1. Exchange information that they hold or have access to, dir... [preview truncated]

Part Three: International Judicial Cooperation

Article 66 ¶

Competent judicial authorities shall, upon request from judicial authorities of another country with... [preview truncated]

Article 67 ¶

International judicial cooperation requests relating to judgments or judicial orders providing for s... [preview truncated]

Article 68 ¶

Execution of judgments or judicial orders referred to in Article (67) of this Resolution, shall be s... [preview truncated]

Article 69 ¶

1. Competent judicial authorities may request judicial assistance from judicial authorities of anoth... [preview truncated]

Chapter Nine: Final Provisions

Article 70 ¶

Cabinet Resolution No. (10) of 2019, referred to herein, is hereby repealed, and any provision that... [preview truncated]

Article 71 ¶

This Resolution shall be published in the Official Gazette and shall enter into force thirty (30) da... [preview truncated]