A Guide to New AML-CFT Requirements for UAE’s Licensed Financial Institutions
Suppose you are a Licensed Financial Institution (LFI) operating in the UAE. In that case, you must take urgent actions to comply with the new guideline issued by... Read more.
Why Obtaining Trade Financing Is Critical For SMEs In Dubai, UAE?
Getting a major merchandise order is critical for the growth of small businesses in Dubai. However, it will turn into a nightmare when the business owners fall short... Read more.
Why PEP & Sanction Screening Are Critical to Ensure AML-CFT Compliance in UAE?
Ensuring compliance with Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws is mandatory for UAE businesses, especially Financial Institutions... Read more.
AML in the UAE: Why Ongoing Monitoring is Important for your Business?
With advancements in technology and evolving regulatory updates, businesses find it tough to ensure they have taken robust ’Know Your Customer’ measures irrespective... Read more.
Top Causes of AML Compliance Program Failures, and How to Overcome Them?
Financial institutions such as banks and money exchanges and Designated Non-Financial Businesses and Professions (DNFBPs) i.e audit and accounting firms, law firms,... Read more.
Due Diligence Audit in the UAE: The Purpose and Types
Typically, we associate the word "auditors" with professionals who conduct an annual audit of a company’s financial statements. However, the role of auditors... Read more.
Key Compliance Requirements to Meet AML Obligations in ADGM Free Zone
Companies incorporated in the Abu Dhabi Global Market (ADGM) Free Zone are required to meet the requirements as per the Anti-money Laundering and Combatting Financing... Read more.
Top Qualities that Make a Good AML Compliance Officer
Financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE are required to appoint a compliance officer to combat the crime... Read more.
Customer Due Diligence: A Critical Component of AML Compliance in UAE
Financial Institutions and DNFBPs in the UAE are required to verify the identity of their customers before establishing a business relationship with them. As part... Read more.
A 2022 Guide to KYC and AML Terminology From a UAE Perspective
The global regulatory landscape is diverse, requiring Financial Institutions (FIs) and Designated Non-financial Businesses and Professions (DNFBPs) to ensure compliance.... Read more.
