Ensuring compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations in Dubai is vital to protect your business and maintain the UAE’s financial integrity. At HLB HAMT, we make compliance straightforward with our specialized AML/CFT consulting services, tailored to meet your unique requirements. Backed by over 25 years of experience and a dedicated team of AML experts, we have successfully assisted more than 100 DNFBPs in achieving full alignment with UAE AML regulations. Our services cover the development of customized AML/CFT policies and procedures, support with goAML registration, and ongoing advisory services to ensure your business remains compliant and well-prepared in an evolving regulatory environment.
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HLB HAMT’s AML/CFT services
Gap Analysis
We evaluate your current AML framework to ensure it aligns with UAE regulatory requirements.
Tailored AML/CFT Policies
We develop AML/CFT policies customized to your business risks and operational requirements
CDD, EDD & Risk Assessment
We develop comprehensive due diligence and risk management processes tailored to your sector
CDD Tool Implementation
We assist in implementing Screening and risk assessment tools to ensure consistent and reliable compliance checks.
Staff Training Workshops
We provide specialized AML training designed for Real Estate, DPMS, Corporate Service providers & Accounting professionals.
goAML Registration Support
We offer end-to-end support for goAML portal setup and FIU onboarding.
Outsourced Compliance Officer / MLRO
We act as your external/outsourced MLRO or Compliance Officer to ensure full compliance
Ongoing Advisory Support
We offer continuous support to maintain and strengthen your AML framework
Why Choose HLB HAMT for AML/CFT Compliance in the UAE?
Why Choose HLB HAMT
- 25+ years of experience in conducting AML due diligence and regulatory advisory in the UAE.
- Proud member of HLB International, a top 8 global accounting network.
- Ranked #1 mid-tier accounting firm in the UAE by the latest International Accounting Bulletin (IAB) survey.
- Specialized AML/CFT consulting services for DNFBPs, financial institutions, fintechs, and multinational firms.
- Trusted compliance partner to over 100+ DNFBPs, including Real Estate and DPMS, CSP sectors & Accounting and firms.
- Expertise in building sanctions compliance programs, risk models, and customized CDD/EDD tools.
- Deep regulatory knowledge combined with global best practices and practical implementation support.
- Supported by a highly qualified team of AML-certified compliance professionals
Payroll Services in Oman
The UAE has established a robust Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) framework to protect its financial system and align with global standards set by the Financial Action Task Force (FATF). Key regulations include:
Federal Law No. 20 of 2018 on Anti-Money Laundering
This foundational law outlines key AML/CFT obligations in the UAE. It:
- Defines and Criminalization of ML and Terrorist Financing (TF) Mandates
- Obligations on Financial Institutions and DNFBPs: Customer Due Diligence (CDD) and Suspicious Transaction Reports (STRs) to the Financial Intelligence Unit (FIU)
- Grants supervisory authorities’ powers to enforce compliance
- Supports international cooperation on AML/CFT
- Penalties and Enforcement for Non-compliance with the law.
Cabinet Decision No. 10 of 2019
This decision provides the implementing regulations for AML compliance. It:
- Introduces a Risk-Based Approach (RBA) to managing ML/TF risks
- Requires Enhanced Due Diligence (EDD) and ongoing monitoring
- Mandates a 5-year record retention period
- Requirement for Compliance officer
- Strengthened Reporting and Record-Keeping
2024 AML Law Amendments: What Your Business Needs to Know
its Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and proliferation financing framework. These updates, aligned with the 2024–2027 National Strategy for AML/CFT, prepare the UAE for the 2025–2027 FATF Mutual Evaluation and reinforce its commitment to global financial integrity.
On August 11, 2024, the UAE introduced Federal Decree-Law No. 7/2024, amending Federal Decree-Law No. 20/2018 to strengthen:
Introduction of Two National Oversight Committees
- National Committee for AML/CFT: Established to coordinate national-level compliance efforts and guide risk-based implementation.
- Supreme Committee: Responsible for overseeing AML/CFT policies and evaluating the effectiveness of enforcement measures.
Implications on Businesses:
Stronger Regulatory Coordination
- The amendments promote closer coordination between regulators, government authorities, and reporting entities to improve enforcement and monitoring.
Implications on Businesses:
Focus on Mutual Evaluation Preparedness
- The National Committee will lead the development of the UAE’s Mutual Evaluation to assess alignment with FATF global AML/CFT standards.
Implications on Businesses:
Administrative Penalties & Fine Matrix
Non-compliance with UAE Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations can lead to severe penalties, including hefty fines and reputational damage.
| Fine Amount (AED) | Applicable Violations |
|---|---|
| 1,000,000 or more |
|
| 200,000 or more |
|
| 100,000 or more |
|
| 50,000 or more |
|
Recent Enforcement Trends:
In a clear demonstration of its zero-tolerance stance on AML violations, the Central Bank of the UAE (CBUAE) imposed over AED 339 million in penalties in 2025 alone.
This sharp increase in enforcement sends a strong signal to businesses: implementing a robust AML/CFT program is no longer optional — it is essential.
HLB HAMT’s AML Methodology for UAE Businesses
Specialized AML Support for DNFBPs (Real Estate & Precious Metals,CSP,Law firms & Accountants)
To ensure complete AML compliance among Designated Non-Financial Businesses and Professions (DNFBPs), the Ministry of Economy mandates that companies fulfill specific risk assessment requirements. It is crucial for companies to establish a robust AML/CFT (Anti Money Laundering/Combating the Financing of Terrorism) framework, which includes the following essential components:
- AML/CFT Policy
- MLRO Reports
- Enterprise-Wide Risk Assessment (EWRA)
- Gap Analysis Report
- AML Independent Audit
- Compliance Annual Plan—Proposed Structured Process
Failure to comply with these requirements could result in legal accountability, financial fines, or administrative penalties. To mitigate these risks, HLB HAMT offers comprehensive AML compliance services Dubai specifically designed for DNFBPs, ensuring that companies not only meet regulatory standards but also foster a culture of compliance within their operations.
Recent AML Case Studies
Real Estate Brokerage Fine (2023)
✓ Conducted detailed gap analysis
✓ Developed and implemented tailored AML policies
✓ Guided full remediation in 90 days
Outcome: Restored compliance and improved regulatory standing
Gold Trader Sanctioned (2022)
✓ Implemented comprehensive CDD procedures
✓ Strengthened internal AML controls
Outcome: Enhanced AML compliance framework and reduced enforcement risk
Ready to Simplify Your AML Compliance Journey?
Get expert guidance from UAE’s leading AML/CFT compliance specialists
Frequently Asked Questions
What is the CDD threshold for occasional transactions in the UAE?
Customer Due Diligence (CDD) is required when occasional transactions equal to or above AED 55,000 are conducte
What is the CDWhich DNFBPs fall under UAE AML supervision?D threshold for occasional transactions in the UAE?
Under UAE AML/CFT laws, the following Designated Non-Financial Businesses and Professions (DNFBPs) fall under regulatory supervision:
• Real Estate: Brokers and developers
• DPMS: Dealers in gold, diamonds, and precious materials
• Accountants
• Trust and Company Service Providers
• Law firms
When is Enhanced Due Diligence (EDD) required?
EDD is required in cases involving high-risk customers, including:
• Politically Exposed Persons (PEPs)
• Customers from high-risk jurisdictions
• Cases involving complex or unusually large transactions
• When there is insufficient information on the source of funds or wealth
EDD involves collecting additional documents, verifying source of funds, and obtaining senior management approval before onboarding.
How long must AML records be kept?
AML-related records must be maintained for a minimum of five years.
This includes customer identification, screening results, and any STR documentation, in line with regulatory expectations.
Why is AML compliance crucial in the UAE?
AML/CFT compliance is essential in the UAE as it safeguards the financial system from being exploited for unlawful activities, including money laundering and financing terrorism. Failure to comply with these regulations can lead to heavy fines, legal repercussions, and significant reputational harm.
Who is required to comply with AML regulations in the UAE?
AML/CFT regulations apply to a wide range of businesses, including banks, insurance companies, financial institutions, real estate brokers, auditors, lawyers, and any entities dealing with high-value goods or financial transactions. These businesses are required to establish robust AML/CFT policies and procedures to prevent misuse.
How frequently should businesses conduct AML/CFT training?
Businesses should conduct AML/CFT training at least annually to ensure that employees are up-to-date with the latest regulatory requirements and best practices. Training should also be provided whenever there are significant updates to AML/CFT laws or internal policies.
How can businesses safeguard themselves against money laundering and terrorist financing?
Businesses can protect themselves by implementing strong AML/CFT policies, conducting regular risk assessments, performing thorough customer due diligence (CDD), and monitoring transactions for suspicious activities. Regular training for staff on compliance procedures also plays a crucial role in prevention.
What are the consequences of non-compliance with AML regulations in the Dubai UAE?
Non-compliance with AML regulations in the UAE can lead to severe penalties, including hefty fines, legal actions, suspension of business licenses, and reputational damage. It can also result in a loss of trust from clients and business partners.
What are the risk assessment requirements required by the Ministry of Economy for DNFBPs?
The Ministry of Economy requires that Designated Non-Financial Businesses and Professions (DNFBPs) fulfil specific risk assessment requirements to ensure AML compliance. These requirements include having a comprehensive AML/CFT policy, submitting MLRO reports, conducting an Enterprise-Wide Risk Assessment (EWRA), performing a gap analysis, executing an AML independent audit, and developing a Compliance Annual Plan.
What consequences do DNFBPs face if they do not comply with the Ministry of Economy’s AML requirements?
DNFBPs that fail to comply with the Ministry of Economy’s AML risk assessment requirements may face serious consequences, including legal accountability, financial fines, and administrative penalties. To avoid these risks, it is essential for companies to implement the necessary AML/CFT measures and maintain compliance with the required frameworks.