Before on-boarding customers, Know Your Customer (KYC) procedures are very important for businesses to ensure compliance with Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws. Businesses need to implement…

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 combatting the financing of…

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). However, organisations need to adopt a…