CmaBylaw
Executive Bylaws
6-1 Of Module Sixteen: Anti-Money Laundering and Combating Financing of Terrorism
Section: Chapter Six: Designated Persons Listed on the UN Terrorist List
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Thursday, 16 February 2017
In accordance with the provisions of Article (25) of Law No. (106) of 2013 Anti-Money Laundering and Combating Financing of Terrorism, and pursuant to Ministerial Resolution No. (5) of 2014 on the Executive Regulation for the Implementation of United Nations Security Council Resolutions Issued under Chapter Seven of the United Nations Charter Related to Terrorism and Terrorism Financing, a Licensed Person must conduct the following: 1. Comply with the provisions of the Ministerial Resolution No. (5) of 2014 mentioned above. 2. Abide by the provisions of the guidelines issued for the entities concerned with fulfilling the requirements of Ministerial Resolution No. (5) of 2014. 3. Set adequate policies and procedures to ensure the implementation of all the obligations mentioned in this chapter.
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