This Guide is issued and published by the Ministry of Justice for the Designated Nonfinancial Businesses and Professions (Lawyers) to:
1. Ensure adherence to the Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations, its Implementing Regulation issued by Cabinet Decision No. 10 of 2019, and its Executive Resolutions;
2. Protect lawyers from the use of their law firms in Money Laundering and Terrorism Financing crimes;
3. identify the core duties and obligations of lawyers in accordance with the Federal Decree-Law No. 20 of 2018 and its Implementing Regulations and Executive Resolutions;
4. illustrate the reporting modalities and the mechanism for reporting suspicious transactions or suspicious activity;
5. Promote and protect the credibility and integrity of the financial system of the State; and
6. Explain the methods for identification, assessment and mitigation of Money Laundering and Terrorism Financing risks.
This Guide, and instructions and guidanc...