Dubai Healthcare City Authority Anti-Money Laundering and Combating the Financing of Terrorism Policy for Designated Non-Financial Businesses and Professions and Non-Profit Organisations

Contents

INTRODUCTION ...3 DEFINITIONS...3 APPLICATION...4 IMPLEMENTATION AND SCOPE ...4 AML POLICIES ...4 MONEY LAUNDERING REPORTING OFFICER (MLRO) ...5 DUE DILIGENCE AND KYC DOCUMENTATION ...5 MONITORING OF SUSPICIOUS ACTIVITIES AND REPORTING ...6 RECORD KEEPING ...6 OBLIGATIONS OF NON-PROFIT ORGANIZATIONS ...7 DISCIPLINARY PENALTIES ...7 SCHEDULE 1 – KYC CHECKLISTS ...8

Introduction

1. DHCA is committed to supporting the efforts and initiatives taken to combat money laundering and financing of terrorism, through the issuance of this Policy and shall cooperate with other government entities in order to ensure compliance with applicable AML laws and regulations.
2. This Policy has been prepared in compliance with the provisions of Federal Decree-Law No. (20) of 2018 and its implementing regulation issued by Cabinet Resolution No. (10) of 2019. The Policy sets out the main regulatory requirements that relate and are applicable to the activity of the DNFBP and the Non-Profit Organisations (as defined her...