AML/CFT Compliance Services

In the UAE, adherence to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations is critical for businesses across various sectors. The country has established robust legal frameworks to ensure compliance with international standards, safeguarding financial systems and protecting businesses from financial crime risks.

Our AML/CFT compliance services in the UAE are designed to support organizations in navigating these complex regulatory requirements while maintaining operational efficiency.

1. Risk Assessment and Gap Analysis
   • A comprehensive evaluation of your organization’s exposure to money laundering and terrorism financing risks.
   • Identification of gaps in existing compliance processes and systems.
   • Tailored recommendations to strengthen your compliance framework.
2. Development of Policies and Procedures
   • Drafting and implementation of AML/CFT policies and procedures that align with UAE Central Bank and Financial Intelligence Unit (FIU) guidelines.
   • Customized compliance manuals, internal controls, and escalation processes.
3. KYC and Customer Due Diligence (CDD)
   • Assistance in implementing Know Your Customer (KYC) and Customer Due Diligence (CDD) protocols.
   • Screening tools for sanctions, politically exposed persons (PEPs), and adverse media.
4. Training and Awareness Programs
   • AML/CFT training tailored to various business levels, ensuring staff are aware of their obligations.
   • Regular updates on emerging threats, regulatory changes, and global best practices.
5. Transaction Monitoring Systems
   • Implementation and enhancement of automated systems to detect suspicious transactions.
   • Real-time monitoring and alerts to identify and mitigate risks promptly.
6. Regulatory Reporting Support
   • Assistance with Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs) submission to UAE authorities.
   • Regular compliance audits to ensure alignment with regulatory requirements.
7. Ongoing Compliance Support
   • Dedicated consultancy to address evolving regulatory requirements.
   • Periodic reviews to ensure continuous compliance and readiness for inspections.

Non-compliance with AML/CFT regulations can lead to severe penalties, reputational damage, and loss of business opportunities. Let us help you safeguard your organization and ensure compliance with UAE’s stringent regulatory standards.

Contact us today to learn more about how our AML/CFT compliance services can benefit your business.