IMPORTANT NEWS ABOUT CHANGES TO AML/CFT REGULATION IN THE DIFC
If you are a non-financial services company (referred to herein as a “DNFBP”), a Single Family Office or an advisor to such companies you should read this important news about upcoming changes to the DIFC law on anti-money laundering supervision. The changes are of particular importance to companies which undertake cash transactions (whether regular or one-off) in an amount of AED 55,000 (USD $15,000) or more, or the equivalent in any other currency.
The DFSA is issuing a series of discussion papers on policy issues confronting the global financial services industry. The series is designed to provoke discussion on topical issues confronting regulators and the activities and markets that they regulate.
Discussion Paper 1: Fair Value Accounting - Is it True or False?
Discussion Paper 2: A Private Equity Opportunity - A Trading Facility