70. Operation of Federal Law

Past version: effective up to 17/04/2006
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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.
(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 or Authorised Individual 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.