This resolution is a major update to the UAE’s financial crime framework and will take effect on December 14, 2025, at which point it will repeal the previous Cabinet Resolution No. 10 of 2019.
Key Provisions and Impacts:
- Expanded Scope
- New Entities Covered
- Increased Authority for the UAE FIU
- Enhanced Due Diligence (CDD) Measures
- Stricter Rules for Virtual Asset Service Providers (VASPs)
- Record-Keeping