70. Operation of Federal Law

Past version: effective from 27/05/2007 - 26/12/2011
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(1) Chapter 2 of Part 4 of the Law is made in recognition of the obligations upon the DFSA under Federal Law No. 4 of 2002 'Criminalisation of Money Laundering' of the United Arab Emirates and Decree by Federal Law No. 1 of 2004 'Combating Terrorism Offences'.
(2) Nothing in the Law affects the operation of:
(a) Federal Law No. 4 of 2002 of the United Arab Emirates;
(b) the Penal Code of the United Arab Emirates; or
(c) any other Federal Law of the United Arab Emirates as applicable in the DIFC in relation to anti-money laundering compliance.
(3) An Authorised Firm, Authorised Market Institution, Ancillary Service Provider, Authorised Individual and a Fund, even where it does not have legal personality shall comply with any provision of the Federal Law No. 4 of 2002 of the United Arab Emirates as it applies to such person in the DIFC.
(4) References to money laundering shall include terrorist financing unless the context otherwise provides or implies.