What Are the Top Implementation Criteria for TFS in UAE?
Financial institutions (FIs), Designated Non-Finance Businesses and professions (DNFBPs), and Virtual Assets Service Providers (VASPs) are obliged to comply with... Read more.
AML in UAE: Red Flags for Nominee Shareholders & Directors
The UAE has implemented robust laws and regulations in regard to Anti-Money Laundering and Combatting of Financing of Terrorism (AML-CFT). However, criminals use... Read more.
A Checklist for DNFBPs to Prepare for Inspections by UAE AML Authorities
Designated Non-finance Businesses and Professions (DNFBPs) are required to comply with the UAE’s Laws on Anti-Money Laundering and Combating the Financing of Terrorism... Read more.
What Does Layering Mean in Money Laundering?
Scammers and fraudsters need to launder their illegally acquired funds into the financial system to truly profit from their criminal activity. For them, the initial... Read more.
An AML Guide to Virtual Assets & Related Activities Regulations 2023
Virtual assets like cryptocurrencies are getting increasing acceptance in countries including the UAE. However, due to the inherent money laundering risk associated... Read more.
A Guide to the Significance of AML Transaction Monitoring
AML transaction monitoring has become a key part of Anti-Money Laundering (AML) compliance in the UAE. Successfully monitoring a suspicious transaction can prevent... Read more.
AML in the UAE Best Practices for Effective KYC Procedures
Before on-boarding customers, Know Your Customer (KYC) procedures are very important for businesses to ensure compliance with Anti-Money Laundering and Combatting... Read more.
Digital ID for Customer Due Diligence: New AML Requirement in the UAE
The Licensed Financial Institutions (LFI) are required to comply with the new guidance issued by the Central Bank of the UAE (CBUAE) on anti-money laundering and... Read more.
What Are the Key Elements of a Risk-Based AML-CFT Approach?
Governments across the world, including the UAE government, have passed strong laws to counter the crime of Money Laundering and Financing of Terrorism (ML/FT).... Read more.
AML Training for Employees: Key Objectives & Requirements in 2022
Developing a robust AML training programme for employees is a critical requirement for Financial institutions (FIs) and Designated Non-finance Businesses & Professions... Read more.
