The objective of gap analysis is to bridge the divide between the existing AML framework & the desired state of compliance. It is a process that detects or identifies the company’s vulnerabilities & its exposure to money laundering.
An AML Audit is a review of AML program, policies, procedures, documentation mechanism, control system and employees training and awareness. It ensures organization’s adherence to Anti Money Laundering (AML) guidelines
To prevent money laundering and terrorist financing UAE maintains strict AML laws and regulations. All businesses, who are operating in the UAE need to follow Anti-Money laundering/Combatting the Financing of terrorism (AML/CFT) laws
AML supply chain refers to the interconnected network of processes, stakeholders, and technologies involved in detecting, preventing, and mitigating money laundering risks within an organization or across multiple entities.
