Anti-Money Laundering UAE
Our team of highly qualified professionals has great experience in helping clients across the UAE in the implementation of Anti Money Laundering programs. Our experts help you to identify financial risks and provide effective solutions for the betterment of your company. In simple words, money laundering means the concealment of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. We provide services like; policy and procedures of compliance, tools and control design assessments, AML policy review, audit and reporting, due diligence frameworks and process implementation, financial fraud frameworks, etc. In the UAE some of our AML compliance service clients are as follows; banks, real estate dealers, investors, insurance agencies, and many other financial institutions. Federal Decree-law No. (20) of 2018 on ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND FINANCING OF ILLEGAL ORGANISATIONS have been implemented in order to develop the legislative and legal structure of the nation, to ensure compliance with international standards on anti-money laundering and countering the financing of terrorism. This law aims towards combat money-laundering practices, establishing a legal framework that supports the authorities concerned with anti-money laundering and crimes related to money-laundering, counter the financing of terrorist operations and suspicious organizations. We help you in identifying and assessing ML/FT risks. We have long-term experience in establishing and updating policies and procedures to diminish the identified ML/FT risks. Our experts train you with the AML UAE laws and regulatory guidelines. Our company is famous for providing intermittent compliance officer services and AML consulting services. Our experts also provide services like; training the staff members, identifying the differences, document management, review of government policies, etc.