AML CFT Compliance
Requirements in the UAE
The Cabinet Decision No. 10 of 2019 implementing the federal Decree No. 20 of 2018 has raised the effectiveness of the AML / CFT legal and institutional framework of the nation, in line with the FATF requirements and recommendations.
We ensure the significant factors are covered for an effective AML CFT Compliance Program.
| Financial Institutions | DNFBPs |
|---|---|
| Receiving deposits and other funds or providing credit facilities | Dealers in Precious Metals |
| Private banking service | Brokers and Real Estate agents |
| Securities, finance and financial leasing | Independent Legal Professionals and Accountants |
| Currency exchange and money transfer | Trusts and Corporate Service Providers |
| Stored value service, electronic payments for retail and digital cash | Law firms and legal Consultants |
| Preparing and marketing financial activities Insurance transactions | Family Offices |