19 Hrs
Source:
بوابة الفجر
Financial authorities meet non-bank sector
The article focused on organizing the Financial Regulatory Authority and Anti-Money Laundering and Terrorism Financing Unit for an extensive meeting with non-banking financial sector companies to strengthen efforts to combat money laundering and terrorist financing. The participating entities emphasized the importance of implementing due diligence procedures, verifying customer identities, and updating internal policies and systems to comply with legal and regulatory requirements. The goal is to improve oversight and reduce financial risks such as fraud and money laundering, with an emphasis on developing digital monitoring capabilities and adhering to new legislation to achieve financial inclusion and protect the economy.
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