Countries

AML/CTF compliance in Tanzania WHAT ARE THE Money laundering and terrorism financing laws in Tanzania? Anti-Money Laundering Act, 2006 (AMLA) and its associated regulations. Customer Due Diligence (CDD): Covered entities, including banks, financial institutions, money remitters, attorneys, accountants, and other designated non-financial businesses and professions (DNFBPs), are required to establish and implement risk-based CDD measures.…

AML/CTF compliance in Kenya WHAT ARE THE Money laundering and terrorism financing laws in Kenya? Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) and the Prevention of Terrorism Act (POTA) Customer Due Diligence (CDD): Regulated entities, including banks, financial institutions, money services businesses, lawyers, accountants, real estate agents, dealers in precious metals and stones, and…

AML/CTF compliance in Uganda WHAT ARE THE Money laundering and terrorism financing laws in Uganda? In Uganda, money laundering and terrorism financing are serious offences and are governed by the Anti-Money Laundering Act, 2013 (as amended) and the Anti-Terrorism Act, 2002. The Financial Intelligence Authority (FIA) is responsible for monitoring and enforcing compliance with these…

AML/CTF compliance in Nigeria WHAT ARE THE Money laundering and terrorism financing laws in Nigeria? In Nigeria, money laundering and terrorism financing are serious offences and are governed by the Money Laundering (Prevention and Prohibition) Act, 2022 and the Terrorism (Prevention and Prohibition) Act, 2022. These laws are enforced by agencies such as the Economic…

AML/CTF compliance in the Cayman Islands WHAT ARE THE Money laundering and terrorism financing laws in the Cayman Islands? Customer Due Diligence (CDD): Covered entities, including banks, financial institutions, insurance companies, money service businesses, lawyers, accountants, and other designated non-financial businesses and professions (DNFBPs), are required to establish and implement risk-based CDD measures. This includes…

AML/CFT compliance in Saudi Arabia WHAT ARE THE Money laundering and terrorism financing laws in Saudi Arabia? In Saudi Arabia, the primary laws governing Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) are outlined in several key legislative frameworks. The country has taken significant steps to align its legal and regulatory framework with…

AML/CTF compliance in Kuwait WHAT ARE THE Money laundering and terrorism financing laws in Kuwait? In Kuwait, the legal framework for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is governed by several key laws and regulations designed to align with international standards, including those set by the Financial Action Task Force (FATF)…

AML/CTF compliance in Jordan WHAT ARE THE Money laundering and terrorism financing laws in Jordan? In Jordan, Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) laws are governed by several key pieces of legislation and regulations that align with international standards set by the Financial Action Task Force (FATF). Below are the primary…

AML/CTF compliance in Oman WHAT ARE THE Money laundering and terrorism financing laws in Oman? In Oman, money laundering and terrorism financing are serious offences and are governed by the following laws and regulations: The Anti-Money Laundering and Combating the Financing of Terrorism Law (Royal Decree No. 30/2016): is the primary law governing AML/CFT in…

AML/CTF compliance in Greece WHAT ARE THE Money laundering and terrorism financing laws in Greece? In Greece, money laundering and terrorism financing are serious offences and are governed by the following laws and regulations: Law 4557/2018 (Transposition of the EU Fourth AML Directive): This law transposes the provisions of the European Union’s Fourth Anti-Money Laundering…