Navigating UAE AML/CFT Compliance: What you should know

Devika Nambiar


HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 55 807 4568
WhatsApp:- +971 56 219 1607

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    If you are a business operating as Financial Institutions (FIs) or Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE, you may be aware of the regulatory questionnaires in circulation at the moment from your respective regulatory authorities.

    Staying compliant with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations is not just a responsibility – it is a necessity. As the UAE is taking significant steps to enhance its national AML/CFT framework, the contribution by businesses to this effort is crucial.

    Why Compliance Matters:

    The UAE has embarked on its second National Risk Assessment (NRA) project for AML/CFT, building upon the 2019 assessment. The cooperation of all businesses in this national endeavor is vital.

    By participating in this questionnaire dated October 2023, you are also proactively shaping the future of AML/CFT regulations in the UAE.
    But compliance isn’t just about ticking boxes; it’s about safeguarding your business, reputation, and financial security.

    Key Considerations:

    This questionnaire comprises 21 simple questions, designed to help you understand and evaluate the risks within your organization. The aim is to gather essential data for a comprehensive analysis of money laundering and terrorist financing risks, leading up to in recommendations to mitigate these risks at a national level.

    The questions cover areas such as:

    • Business activities and their potential for money laundering.
    • The nature of your clientele.
    • Geographic areas involved in your operations.
    • Financial transfer operations.
    • Your anti-money laundering policies and procedures.

    HLB HAMT as your partner in Compliance:

    Navigating the complexities of AML/CFT compliance can be challenging, but you do not have to do it alone. Our consultancy services are here to help you not only fill out this questionnaire but also develop a robust AML/CFT compliance strategy tailored to your business needs.

    How we can Assist:

    • Compliance Solutions:

      We work closely with your team to create tailored policies and procedures that align with regulatory requirements.

    • Compliance Assessment:

      We conduct an in-depth assessment of your existing AML/CFT procedures to identify potential vulnerabilities.

    • Training and Awareness:

      We offer training programs to ensure your staff is well-versed in AML/CFT requirements and best practices.

    Compliance is an ongoing process. Our team develops customized solutions to provide continuous support that help you adapt to changing regulations and maintain a secure business environment.

    By partnering with HLB HAMT, you’re taking a proactive step toward securing your business from non-compliance.

    Contact us today

    To start the journey towards a safer, more secure business environment. Together, we can ensure your organization is prepared for the future and shape a robust AML/CFT framework for the UAE.



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    Varun R Chandra
    07:38 25 Apr 21
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