The administration prevents the exploitation of non-financial businesses and professions specified in money laundering or terrorist financing operations in all their forms, and collaborates with other relevant authorities in this regard, by ensuring and verifying their compliance with the preventive measures stipulated in the Anti-Money Laundering Law, the Law on Combating Terrorism Crimes and its Financing, and their implementing regulations, as well as instructions and the rules delegated by the Ministry.
Key Functions:
• Issuing instructions, rules, guidelines, or any other tools for designated non-financial businesses and professions, in implementation of the provisions of the Anti-Money Laundering Law and in accordance with Paragraph (d) of Article 24.
• Develop and implement integrity and alignment procedures by following up on financial institutions and non-financial businesses and professions and taking appropriate steps to document risk assessments.
• Receive the complaints related to the temptations of quick earning.
• Participate in the development of national strategies and ensure the existence of effective coordination mechanisms for local and international importers in the field of combating money laundering and terrorist financing.