Cabinet approves amendments to Anti-Money Laundering Law

The Cabinet has approved the required amendments to the Implementing Regulation of the Anti-Money Laundering Law. 

In its weekly meeting under Prime Minister Sherif Ismail, the amendments were approved in the light of keeping up with the latest developments in the anti-money laundering law and the international standards of combating money laundering and terror financing. 

The amendments include the definition of the money laundering crime among other amendments.

Source: MENA