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بوابة الفجر
Source: بوابة الفجر
1 Dayبوابة الفجر
Source: بوابة الفجر
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The Financial Regulatory Authority has required non-banking financial institutions, under Circular No. 8 of 2026, to update their customer and beneficial-owner identification forms and identity-verification procedures in line with updated due-diligence measures to combat money laundering and terrorist financing. It stressed the need to take into account the needs of persons with disabilities, people who are illiterate, and older adults; to update policies, procedures, and internal control systems; and to submit approved copies alongside the annual report on efforts to combat money laundering and terrorist financing for 2026, no later than January 31, 2027. The requirements are intended to speed up the implementation of anti-money-laundering and counter-terrorist-financing controls, facilitate transactions, ensure data reliability, and strengthen governance and risk management.
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