Discussion Papers

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 be aware of the recent updates to anti-money laundering supervision regulations. These updates are particularly important for companies undertaking cash transactions (regular or one-off) in an amount of AED 55,000 (USD 15,000) or more, or the equivalent in any other currency.

ASMEC issues a series of discussion papers on policy issues confronting the global financial services industry. This series is designed to provoke informed discussion on key regulatory and market topics relevant to financial stability and oversight.