Partner Rebecca Kelly spoke to Thomson Reuters Regulatory Intelligence about measures introduced by the United Arab Emirates' newly established Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism.
“The timing of the PEPs directive was significant,” said Rebecca.
“We are not aware of any definitive reason as to why this guidance has been published by the central bank and suspect it was an effort to continue to align with global best practice in this space, rather than any box-ticking exercise.”
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