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Digital ID for Customer Due Diligence: New AML Requirement in the UAE

The Licensed Financial Institutions (LFI) are required to comply with the new guidance issued by the Central Bank of the UAE (CBUAE) on anti-money laundering and combatting the financing of terrorism (AML-CFT). The guidance takes effect immediately and discusses the use of digital IDs for customer due diligence (CDD)

Source: jcauaeaudit.com

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