The UAE Central Bank has updated its guidance on anti-money laundering, counter-terrorist financing, and counter-proliferation financing obligations for licensed financial institutions.

The updated guidance package introduces comprehensive measures to help institutions detect, prevent, and manage risks related to money laundering, terrorist financing, and proliferation financing.

Key regulatory guidance documents include:

• Proliferation Financing Risks: Framework for assessing inherent risks, evaluating policies and controls, and monitoring emerging typologies.
• Trade‑Based Money Laundering (TBML) and Transshipment Risks: Guidance to strengthen monitoring of trade and shipping activities linked to illicit finance.
• Correspondent Banking Relationships: Expectations for managing AML/CFT/CPF risks in correspondent banking, with emphasis on internal policies and compliance.
• Customer Due Diligence (CDD), KYC, and Record Keeping: Clarifies procedures for verifying customer identities, building risk profiles, and retaining documentation.

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