1 Day
Source:
المصدر
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AML Officers Workshop
The Financial Regulatory Authority, chaired by Islam Azzam, held a workshop for anti-money laundering and counter-terrorist financing officers at companies under its supervision. The workshop introduced due diligence procedures and updates set out in Circulars Nos. 5, 8 and 10 of 2026. Key updates included ongoing monitoring of transactions; regular updates to customer information; verification of customers’ identities and those of their beneficial owners; adoption of a risk-based approach; and stricter integrity and competence requirements for staff. The Authority called on companies to update their policies and procedures and strengthen their internal control systems. It also announced that it would continue holding similar workshops to mitigate risks and protect market stability and the rights of market participants.
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