The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE Central Bank amends circular 24/2000

posted on 15/12/2016: 917 views

The UAE Central Bank issued a resolution, amending its Circular No. 24/2000 on Regulation concerning Procedures for Anti-Money Laundering and its amendments.

According to Article One of the resolution, the texts of paragraph (3-1) of Article (3), Article (4) and paragraph (a) of Article (19) of Circular No. 24/2000 - Regulation concerning Procedures for Anti-Money Laundering shall be replaced with the following texts: When opening an account, the bank should ensure obtaining all information and necessary documents which include: the full name of the account holder, the current address and place of work as well as the physical checking of the UAE ID card or the passport and keeping a copy thereof initialled by the account opening officer under a "true copy of the original."

It is strictly prohibited to open accounts with assumed names or numbers. The bank should always rely on the account holder's name as in the UAE ID card or the passport (short form may be used) or the trade licence in case of juridical persons. Article (4) A copy of the UAE ID card or the passport in the case of transactions by individuals initialled by the concerned employee under "a true copy of the original." Para (a) of Article (19) Article Two states that the Resolution shall be communicated to whomsoever is concerned for implementation, and shall be published in the Official Gazette in both Arabic and English. – Emirates News Agency, WAM -


21 June 2017 UAE discusses sustainable development in Asia at 2nd annual meeting of Asian Infrastructure Investment Bank Governors
21 June 2017 First Abu Dhabi Bank's Wealth Sentiment Index up 1.56 per cent in June 2017
14 June 2017 Emirates Institute for Banking and Financial Studies opens registrations for 2017-2018
01 June 2017 Dollarised Sukuk index launched by Emirates NBD
30 May 2017 Noor Bank to apply Dubai Font across internal platforms

Most Read