Jitendra Chartered Accountants Blog

Every UAE business carries some financial crime risk, however good its controls. Residual risk in AML UAE compliance is the risk that remains after your policies, screening, monitoring and training…

A periodic customer review is the process of re-checking the customer information you collected at onboarding, so that your AML controls still match the customer’s real risk.  UAE AML regulators…

Offshore banking continues to attract individuals and businesses seeking privacy, multi-currency flexibility and favourable tax treatment. Yet these same features create significant money laundering risks, particularly for institutions operating in…

Whether you are a hotel chain, a retail giant, or a trading company bringing on a business partner, shareholder, or investor, failing to check whether they are a Politically Exposed Person…

Shell companies and money laundering in the UAE have become a growing concern for regulators as criminals exploit corporate structures to conceal illicit funds. A shell company, an entity with…

Capital market firms operating in the UAE, from brokers and investment companies to asset managers and financial consultancies, sit at the centre of the country’s anti-money laundering enforcement priorities. With…

High-net-worth individuals (HNWIs) sit at the centre of the UAE’s wealth management, private banking, real estate and company formation sectors, and, for the same reason, at the centre of money…

Cash transactions remain one of the easiest routes for criminals to move illicit funds into the legitimate economy, which is why the UAE cash transaction threshold sits at the centre…

Cash transactions remain one of the easiest routes for criminals to move illicit funds into the legitimate economy, which is why the UAE cash transaction threshold sits at the centre…