Anti Money Laundering Compliance

These services are designed to help organizations operating in the UAE comply with AML/CFT laws and regulations, mitigate financial crime risks, and protect their reputation and integrity in the market.

AML Risk Assessment

• Conduct risk assessments to identify and assess money laundering and terrorist financing risks specific to the organization's operations in the UAE.

• Develop risk mitigation strategies and controls to address identified risks.

AML Policies and Procedures Development

• Assist in developing and updating AML policies, procedures, and controls in accordance with UAE AML/CFT regulations.

• Ensure policies are tailored to the organization's business activities and risk profile.

• Preparation and Submission of AML Compliance reports to regulatory authorities.

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

• Establish and implement procedures for conducting CDD on customers and counterparties.

• Determine circumstances requiring EDD, such as higher-risk customers, and implement enhanced procedures accordingly.

Transaction Monitoring and Reporting

• Implement systems for monitoring transactions for suspicious activities.

• Prepare and submit suspicious activity reports (SARs) to the UAE Financial Intelligence Unit (FIU) as required by law.

Training and Awareness Programs

• Conduct independent audits of AML/CFT processes and controls to ensure compliance with UAE laws and regulations.

• Provide assurance to stakeholders, including regulators and clients, regarding the effectiveness of AML/CFT measures.

Independent Audit and Assurance

• Provide training to employees on AML/CFT obligations, policies, and procedures.

• Raise awareness about the importance of compliance with UAE AML/CFT regulations across the organization.