Key AML Red Flags Associated with Real Estate Sector Businesses
Criminals use a wide variety of techniques to exploit the real estate sector for money laundering and financing of terrorism. The techniques used keeps on evolving... Read more.
How Dealers of Precious Metals are Exposed to the Risk of Money Laundering?
The Cabinet Decision No. (10) of 2019 on Anti-Money Laundering and Combating the Financing of Terrorism identify dealers in precious metals and precious stones (DPMS)... Read more.
AML / CFT in UAE: Everything You Need To Know About goAML System
If we make a list of buzzwords that generated much attention in recent times among investors in the UAE, ‘goML’ would definitely take the top slot. Originally... Read more.
DNFBPs: Everything Auditors Need To Know About Ensuring AML Compliance in The UAE
Auditors who are practitioners and employees who work for audit firms in the UAE are required to know and assess the risk of money laundering involved in their profession.... Read more.
Smart Accounting: Role of an Accountant is Evolving with New Regulations
The way of business in the UAE keeps on evolving with new changes in regulations and technology. For instance, look at the latest regulations such as VAT, Anti-money... Read more.
How Can Corporate Service Providers Ensure AML / CFT Compliance in the UAE?
Professional entities providing corporate services are an inevitable force in an investor paradise like the UAE. Foreign investors who are new to the country seek... Read more.
AML / CFT Compliance Guide for Gold & Precious Metals Dealers in the UAE
Businesses that deal with Gold, Silver and other precious metals are now required to meet the requirements set out in the UAE Law for Anti-Money Laundering and Combatting... Read more.
An Essential AML Compliance Guide for Real Estate Industry in the UAE
The real estate sector is a strong magnet for the money launderers who use the transactions in the industry for legitimising funds derived from illicit sources.... Read more.
A Checklist of Best Practices to Ensure AML Compliance in the UAE
With penalties ranging up to AED 1 Million, complying with Anti-money Laundering and Combatting Financing of Terrorism laws (AML-CFT) has become imperative for... Read more.
How DNFBPs Can Ensure AML Compliance in the UAE?
The deadline is looming for the Designated Non-Financial Businesses and Professions (DNFBPs) to register in the Financial Intelligence Unit system (goAML) to ensure... Read more.
