Anti-Money Laundering and Combating the Financing of Terrorism:-

The competent division carries out offsite and onsite inspection on all financial institutions and investment funds to achieve the following tasks:

1- To follow-up all AML/CFT matters with all the financial institutions subject to the Central Bank control and supervision.

2- To follow-up the implementation by the financial institutions subject to the Central Bank control and supervision of the instructions and directives issued by the Central Bank and all relevant parties with regard to AML/CFT.

3- To implement all AML/CFT directives and resolutions issued by the competent authorities.

4- To coordinate all official correspondences and letters between the Central Bank and the AML/CFT National Committee.

5- To keep records of all reports, investigations, resolutions and instructions relating to AML/CFT.