Anti-Money Laundering (AML) Regulatory Compliance

Anti-Money Laundering (AML)
Regulatory Compliance

Anti-Money Laundering (AML) Regulatory Compliance

All services are performed in accordance with applicable UAE regulations, including the Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and its subsequent amendments.

GoAML Registration

Assistance with registering your business with the UAE’s GoAML system, ensuring compliance with regulatory reporting requirements.

AML/CFT Compliance Policy and Procedures

Development and implementation of a comprehensive AML/CFT compliance program tailored to your business, including policies, procedures, and internal controls to mitigate risks of money laundering and terrorist financing

AML/CFT Training

Training programs covering Customer Due Diligence (CDD), sanctions screening, risk assessment methodologies, and suspicious activity reporting (SAR) procedures.

AML/CFT Compliance Supervision

Ongoing monitoring and review of your AML/CFT program to ensure continued compliance with all relevant laws, regulations, and best practices. This would involve periodic reviews of your procedures and staff training.

AML/CFT Compliance Assessment

Independent assessment of your AML/CFT framework, identifying any vulnerabilities or areas requiring improvement to meet regulatory standards and best practices. This would typically include a written report with recommendations.

AML Compliance Delegation Services

Assistance with the delegation of AML compliance responsibilities to a designated compliance officer (CO) and other relevant personnel, including training and support.

Remedial Action Procedures

Development and implementation of procedures to address any identified AML/CFT deficiencies or non-compliances, including corrective actions to mitigate risks and prevent future violations.

GoAML Deregistration

Support with the deregistration process from the GoAML system, ensuring compliance with all requirements and the proper closure of your AML/CFT program.