All insurance companies, insurance brokers, and Insurance agents must submit the annual MLRO/ Compliance Officer’s Report to CBUAE for the year 2020 by the mid of May 2021, Concerning Clause (3) of Article (21) of Cabinet Resolution No. (10) Of 2019 regarding the executive regulations for Federal Decree-law No. (20) of 2018 ON AML and CFT.
The report has to be prepared by highlighting the serious compliance deficiencies along with remedial action.
MLRO report should be submitted to the Central Bank of UAE.
For your better understanding, find the video format of AML Insurance MLRO’s Report submission requirements and deadline details.
Anti-Money Laundering in the UAE
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