WebApr 30, 2024 · CBUAE has issued a regulation that introduces the licensing and supervision framework for low-risk, specialized banks. The regulation includes provisions related to licensing, permitted activities, minimum capital and liquidity requirements, credit exposure restrictions, credit reports, regulatory reporting, and certain specialized Islamic banks. WebJun 8, 2024 · A bank's outsourcing arrangements should not affect its ability "to fulfil its obligations to its consumers and to CBUAE, nor impede on CBUAE’s supervisory provisions", the regulator said. Customers' data must also not be shared outside the UAE without their approval, or that of the central bank.
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WebJun 8, 2024 · Press Release. June 8, 2024. FINANCIAL SERVICES. Abu Dhabi : In an … WebAug 19, 2024 · The UAE Central Bank has issued a new set of rules to regulate the outsourcing of services by UAE financial institutions. The Outsourcing Regulation and Standards are applicable to licensed UAE … tahiti bungalow vacations all inclusive
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WebPage 4 of 43 CBUAE Classification: Public Definitions “AML/CFT Program” means the policies, procedures, systems, controls, etc. introduced by a Licensed Person to prevent Money Laundering and Financing of Terrorism. “AML/CFT Supervision Department” means the AML/CFT Supervision Department at the Central Bank of the UAE. Webcbuae risk management compliance ... new outsourcing regulation for banks operating within the uae web 7 jul 2024 the central bank circular no 14 2024 the outsourcing regulation emerges against a backdrop of ongoing efforts by the cbuae and regulators across highly regulated industries to adopt minimum acceptable risk WebWith the announcement by the UAE Central Bank (“UAECB”) of its new Outsourcing … tahiti bungalow vacation packages