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

Article 1 ¶

For the purposes of implementing the provisions of this Decree by law, the following terms and expressions shall have the meanings assigned thereto, unless the context requires otherwise: The State: The Ministry: The Minister: The Central Bank: The Governor: The Supreme Committee: The National Committee: The General Secretariat: The Unit: The Supervisory Authority: Law Enforcement Authorities: Concerned Authorities: The Executive Office: Targeted Financial Sanctions: The Crime: Predicate Offence: Money Laundering: Terrorist Act: Terrorist: Terrorist Organization: Financing of Terrorism: Proliferation: Weapons of Mass Destruction: Funds: Virtual Assets: Proceeds: Criminal Property: Suspicious Transactions: Without Prior Notice: Freezing: Seizure: Confiscation: Asset Recovery: Financial Institutions: Designated Non-Financial Businesses and Professions (DNFBPs): Non-Profit Organizations: Legal Arrangement: Trust: Settlor: Trustee: Customer: Transaction: Beneficial Owner: Virtual Asset Service Provider(s): Registrar: Customer Due Diligence (CDD): Controlled Delivery: Undercover Operation:

Chapter Two: Crimes of Money Laundering, Financing of Terrorism, and Proliferation Financing

Article 2 ¶

1. A person shall be deemed to have committed money laundering if that person knows or there are sufficient grounds to believe... [preview truncated]

Article 3 ¶

1. Whoever intentionally provides, collects, or makes available Funds by any means, directly or indirectly... [preview truncated]

Article 4 ¶

A Legal Person shall be criminally liable where any of the crimes stipulated in this Decree by Law is committed... [preview truncated]

Chapter Three: Provisional Measures and Investigation Procedures

Article 5 ¶

1. The Chief of the Unit may, without prior notice, order the cessation or temporary suspension of a... [preview truncated]

Article 6 ¶

1. The Public Prosecution and the Competent Court, as the case may be, may, without prior notice, order... [preview truncated]

Article 7 ¶

The Public Prosecution and the Competent Court, as the case may be, may assign the Accused, or any person... [preview truncated]

Article 8 ¶

1. Without prejudice to the provisions of Article (6) of this Decree by Law, the criminal case shall... [preview truncated]

Article 9 ¶

1. The Public Prosecution may, either on its own initiative or upon request of Law Enforcement Authorities... [preview truncated]

Chapter Four: Disclosure

Article 10 ¶

Any person entering into or departing from the State shall be under the obligation to make a disclosure... [preview truncated]

Chapter Five: The Financial Intelligence Unit

Article 11 ¶

An independent "Financial Intelligence Unit" shall be established within the Central Bank and shall... [preview truncated]

Chapter Six: National Coordination and Cooperation

Article 12 ¶

By virtue of the provisions of this Decree by Law, a committee shall be established and shall be known as... [preview truncated]

Article 13 ¶

Pursuant to the provisions of this Decree by Law, a committee shall be established under the chairmanship of... [preview truncated]

Article 14 ¶

The National Committee shall be competent for the following: 1. To establish and develop a National... [preview truncated]

Article 15 ¶

1. The National Committee shall have a General Secretariat, headed by a Secretary-General, and shall... [preview truncated]

Chapter Seven: Supervisory Authorities and Administrative Penalties

Article 16 ¶

The Supervisory Authorities shall, within their respective areas of competence, undertake the duties... [preview truncated]

Article 17 ¶

1. Without prejudice to any more severe administrative sanction prescribed under any other legislation... [preview truncated]

Chapter Eight: Preventive Measures, Transparency, and Beneficial Owners

Article 18 ¶

1. Where Financial Institutions, Designated Non-Financial Businesses and Professions, or Virtual Asset Service Providers... [preview truncated]

Article 19 ¶

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

Article 20 ¶

No natural or legal person shall engage in any Financial Activities, Designated Non-Financial Business... [preview truncated]

Chapter Nine: International Cooperation and Asset Recovery

Article 21 ¶

Without prejudice to the legislation in force within the State and to the provisions of the treaties... [preview truncated]

Article 22 ¶

1. The Cabinet shall, based upon a proposal from the Minister and after coordination with the Concerned Authorities... [preview truncated]

Chapter Ten: Statistics

Article 23 ¶

1. The Concerned Authorities shall maintain comprehensive statistics on Suspicious Transactions reported... [preview truncated]

Chapter Eleven: Confidentiality of Information

Article 24 ¶

Information obtained in relation to Suspicious Transactions or to any of the Crimes stipulated in this... [preview truncated]

Chapter Twelve: Penalties

Article 25 ¶

The penalties prescribed in this Decree by Law shall be imposed without prejudice to any more severe... [preview truncated]

Article 26 ¶

1. Whoever commits the Crime of Money Laundering shall be punished with imprisonment for a term not... [preview truncated]

Article 27 ¶

1. Without prejudice to any more severe penalty prescribed by another law, every legal person whose... [preview truncated]

Article 28 ¶

Whoever deliberately or through gross negligence violates the provisions of Article (18) hereof shall... [preview truncated]

Article 29 ¶

1. Any person who notifies or warns another person, or discloses any information related to Transactions... [preview truncated]

Article 30 ¶

1. Any person who possesses, conceals, or conducts any Transaction in Funds where there are sufficient... [preview truncated]

Article 31 ¶

1. Where the Crime is proven, the Court shall order the Confiscation of the following: a. The Cr... [preview truncated]

Article 32 ¶

Any person who violates the provisions of Article (20) of this Decree by Law shall be punished by imprisonment... [preview truncated]

Article 33 ¶

Any person who violates the instructions issued by the Executive Office or any other Competent Authority... [preview truncated]

Article 34 ¶

Any person who violates the provisions of Article (10) of this Decree by Law, or refrains from providing... [preview truncated]

Article 35 ¶

1. Any person who intentionally provides false or misleading information concerning the Beneficial Owner... [preview truncated]

Article 36 ¶

1. Where a foreigner is punished with a custodial sentence due to the commission of the Crime of Money Laundering... [preview truncated]

Article 37 ¶

1. No criminal, civil, or administrative liability shall be incurred by the Supervisory Authorities... [preview truncated]

Chapter Thirteen: Final Provisions

Article 38 — Judicial Enforcement ¶

By virtue of a resolution issued by the Minister of Justice or the Head of the competent local judicial authority... [preview truncated]

Article 39 — Violations and Administrative Penalties ¶

The Cabinet shall, upon the proposal of the Minister and after coordination with the Supervisory Authorities... [preview truncated]

Article 40 — Executive Regulations ¶

The Cabinet shall, upon the proposal of the Minister, issue the Executive Regulations of this Decree by Law... [preview truncated]

Article 41 — Repeals ¶

1. Federal Decree by Law No. (20) of 2018, referred to herein above, shall hereby be repealed. 2. An... [preview truncated]

Article 42 — Publication and Entry into Force ¶

This Decree by Law shall be published in the Official Gazette and shall enter into force (2) two weeks... [preview truncated]