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.
Why an MLRO Is Critical to Your AML Compliance Framework?
A Money Laundering Reporting Officer (MLRO), generally known as the AML compliance officer, is a vital element in a company’s framework for Anti-Money Laundering... Read more.
AML in UAE: How to File a Dealers in Precious Metals and Stones Report?
The Dealers of Precious Metals and Stones (DPMS) are required to ensure AML compliance in the UAE by submitting the Dealers in Precious Metals and Stones Report... Read more.
AML in the UAE: The Role of Financial Intelligence Units
The UAE established the Financial Intelligence Unit (FIU) as an independent authority for investigating financial crimes, frauds and suspicious transactions. Even... Read more.
Critical Accounting Challenges Faced by E-Commerce Firms in 2022
When it comes to financial management and accounting, every industry has its pros and cons. However, the e-commerce industry faces some unique challenges and most... Read more.
AML Compliance in UAE: An Overview of Risks Posed by PEPs
Carrying out screening for Politically Exposed Persons (PEPs) is mandatory for you to ensure compliance with Anti-Money Laundering and Combatting Financing of Terrorism... Read more.
A Guide to AML Regulations for Virtual Assets Service Providers in UAE
Virtual Assets Service Providers are required to comply with the regulations of the Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) in the... Read more.
AML in the UAE: Latest Reporting Requirements for Real Estate Brokers & Agents
Real estate agents and brokers licensed in the UAE are required to meet new reporting requirements as per Circular Number 05/2022 issued by the Ministry of Economy... Read more.
