The ultimate guide for UAE AML law
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Section 1: Steps to protect your organisation from financial crime
Take your business to the next level with a comprehensive guide tailored specifically to AML law in the UAE. This invaluable resource will empower you to navigate the intricacies of the compliance framework while leveraging state-of-the-art technology to enhance every aspect of your business operations. This guide is essential for Designated Non-Financial Businesses and Professionals (DNFBPs) in the UAE, including real estate agents, dealers in precious metals and stones, lawyers, notaries, other independent legal professionals and accountants.
Section 2: Guard yourself every step of the complex compliance road
Staying compliant with AML regulations is paramount in today’s day and age. Our guide provides actionable insights and practical strategies to help you fortify your organisation against the ever-evolving threat of financial crime. From customer due diligence to suspicious activity reporting, we'll equip you with the knowledge and tools you need to safeguard your business and protect your reputation.
Section 3: Stay ahead of the game by focusing on UAE’s AML laws
This comprehensive resource covers everything you need to know about AML laws in the UAE, including key regulations, compliance requirements, and best practices for mitigating financial crime risks.
Key takeaways:
- What is AML
- Cabinet decision No. (10) of 2019: Article 3
- Who does it apply to?
- The basics: Customer Due Diligence (CDD)
- Checklist for filing STR or SAR
- Understanding STRs
- Suspicious activity vs. Suspicious transaction
- Advanced: Enhanced Due Diligence (EDD)
- Risk assessment
- Determining a PEPs risk level
- Source of funds vs. source of wealth
- PEPs and subgroups of PEPs
Violations and penalties
