Past version: effective from 27/12/2011 - 28/10/2018
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(1) This chapter is made in recognition of the application in the DIFC of Federal Law No. 4 of 2002 'Criminalisation of Money Laundering' and Decree by Federal Law No. 1 of 2004 'Combating Terrorism Offences'.
(2) A reference in this chapter to money laundering is to be taken to include terrorist financing unless the context otherwise provides or implies.
(3) The DFSA has, subject to (4), exclusive jurisdiction for regulation in relation to money laundering in the DIFC.
(4) Nothing in the Law affects the operation of:
(a) Federal Law No. 4 of 2002;
(b) Federal Law No. 1 of 2004;
(c) the Penal Code of the United Arab Emirates; or
(d) any other Federal Law that is applicable in the DIFC in relation to money laundering.