AML compliance in the UAE involves much more than conducting customer screening or maintaining identification documents. Regulated businesses need to understand their financial crime risks, conduct Customer Due Diligence (CDD), identify beneficial owners, assess customer risk, apply Enhanced Due Diligence (EDD) where necessary, perform appropriate sanctions and PEP screening, maintain records, monitor relevant changes, train

Dubai’s real estate sector attracts buyers, sellers, investors, and businesses from around the world. The international nature of the market, high-value transactions, complex ownership structures, and involvement of different payment methods can also create exposure to money laundering and other financial crime risks. Real estate brokers, agents, and other businesses falling within the applicable Designated

The UAE has established a comprehensive regulatory framework to combat money laundering, terrorist financing, proliferation financing, and other financial crimes. Businesses operating within regulated sectors are expected not only to establish appropriate AML/CFT policies and controls but also to ensure that those controls are working effectively in practice.This is where Internal AML Audits play an