Jitendra Chartered Accountants Blog

Hawala AML compliance in the UAE is no longer a concern only for remittance operators. Under Federal Decree-Law No. 10 of 2025, in force since 14 October 2025, any business,…

Crypto money laundering in the UAE is now a direct regulatory concern for you. Virtual assets move quickly, cross borders in minutes and can be hard to link to a…

Since Federal Decree-Law No. 10 of 2025 came into force on 14 October 2025, financing the proliferation of weapons of mass destruction is a standalone criminal offence. Every financial institution,…

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…