Red Flags for Money Laundering in Real Estate Transactions: A Compliance Checklist
The real estate sector in the UAE is considered a high-risk area for money laundering (ML) and terrorist financing (TF) due to its high-value transactions, cross-border buyers, and complex ownership structures. Recognizing this, the UAE Ministry of Economy (MoE) and the Financial Intelligence Unit (FIU) require real estate brokers, developers, and agents (classified as DNFBPs)