DFSA Rulebook - AML, CFT and Sanctions Module

Dubai Financial Services Authority (DFSA) is the governing body for the entities operating in the Dubai International Financial Centre (DIFC). To ensure the effective implementation of the AML program by the DIFC companies and to administer compliance, DFSA has issued a rule book comprising various rules, guidance, and principles to be adopted by the DIFC units along with the Federal AML laws.

The rulebook guides the firms to implement the measures actively by interpreting the legislation correctly and adopting a risk-based approach. 

DFSA rulebook on AML provides detailed specifications around customer due diligence, risk profiling, documentation, duties of money laundering officer, etc., to ensure effective mitigation of financial crime risks by the DIFC companies. The firms operating in or from DIFC should be aware of the contents of the DFSA AML rulebook and adhere to the same diligently.