Unified UAE Legislation Database

Federal Decree-Law No. 7 of 2024 Amending Some Provisions of Federal Decree-Law No. 20 of 2018 on Combating Money Laundering Crimes and Combating the Financing of Terrorism and the Financing of Illegal Organisations


Status

In force

Issuing Authority

President of the UAE

Effective date

XX.XX.XXXX

Official Link

https://

We, Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates

- After reviewing the Constitution

- Federal Law No. 1 of 1972 on the Competencies of Ministries and the Powers of Ministers, and its amendments; 

- Federal Decree-Law No. 20 of 2018 on Combating Money Laundering Crimes and Combating the Financing of Terrorism and the Financing of Illegal Organisations, and its amendments; 

- Based on the presentation of the Minister of Finance and the approval of the Cabinet, 

we have issued the following Decree-Law:

 

Article 1 

Replace the text of Article 11 of the aforementioned Federal Decree-Law No. 20 of 2018 with the following text:


Article 11

Pursuant to the provisions of this Decree-Law, a committee headed by the Governor shall be established under the name of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and the Financing of Illegal Organisations,  with its composition to be determined by a Cabinet decision ...