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Anti-Money Laundering


Law No. 49/NA on Anti-Money Laundering and Combatting the Financing of Terrorism (“AML Law”), issued on 21 July 2014, took effect on 24 February 2015. The AML Law formulates the term, “reporting units”, which may consist of both “financial sector institutions” and “non-financial sector institutions”. “Financial sector institutions” include: commercial…