AML/ CFT Compliance Services

Governments across the globe have been taking measures to increase the scrutiny of AML/CFT processes and controls, to fight Financial crimes. Individuals and firms are required to comply with minimum standards; failure to keep up with the changing requirements can lead to penalties and legal consequences.

In December 2020, the UAE Cabinet adopted the formation of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism with an aim to follow the international requirements in this sector.

    Get help from our Experts




    HLB HAMT has been approved by the UAE Central Bank and the Insurance Authority to work as a consultant for conducting an independent assessment of Anti-money Laundering, Combating the Financing of Terrorism & Sanctions Compliance Frameworks.

    Our team of experts can help you in developing, Implementing and enhancing your compliance regime for not only for Banking and Insurance sector but also for other Designated Non-Financial Businesses and Professions.

    Services:

    Anti-Money Laundering Compliance Advisory

    With the continuous changes in the regulatory framework and more stringent AML Rules and regulations, it is becoming difficult for Financial institutions and DNFPBs to implement new regulations and design complete compliance framework.
    AML/CFL Compliance Audit Dubai | AML Auditors UAE | Money Laundering Audit

    We help our customers and provide advisory services on –

    • AML Governance Framework,
    • Assurance Reviews and Agreed Upon Procedures
    • Compliance Remediation,
    • Financial Crime Prevention Framework.

    Outsourcing of Compliance Function

    Our experts in the function help clients with dedicated resource service for compliance. We specialized in helping clients for –

    • Extended Due Diligence for your Customers
    • Outsourcing of Screening services.
    • Outsourcing of Risk Profiling of your customers
    • Managing as Third Party for your Go AML Registrations

    Regulatory Compliance Documentation

    One of the important aspects of designing AML Compliance program for your organization is developing documentation for the function and regulatory reporting. Our team of experts will help you in –

    • Designing and Documentation of Entire Compliance Program
    • Developing AML – CFT Policies for your organization
    • Preparing SOPs and Flow Charts of each functionality aligning with Money Laundering typologies relevant to your industry

    A Due Diligence and Transaction Monitoring Software – KYC Portal

    HLB Hamt is an exclusive implementation partner for the global renowned Risk, Due Diligence and Transaction Monitoring Solution by KYC Portal. We help clients in Automating and implementing their Compliance Program through our KYC Portal.

    Highlights of the KYC Portal:

    • Compliance Operations and Management
    • Real Time Reporting Dashboard
    • Risk Based Approach Module
    • Centralized KYC Processing
    • Digital KYC through Video Interactions
    • Automated PEP and Sanctions Check
    • Transaction and Case Management Modules

    Continuous Professional Development Trainings

    HLB Hamt provides specialized and customized training programs that’s suit all levels of the organization, based on the regulatory guidance and requirements. Our Trainings includes –

    CPD Programs – Specially designed for Compliance Officers/MLRO`s and all employees working in the compliance department. CPD Programs ensure the participant is well equipped with AML/CFT global standards and Local regulatory requirements. We cover entire 48 Hours of Mandatory training Programs for your compliance team.

    Regulatory Rules and Regulations Training – HLB HAMT provides specialized course on Regulatory rules and regulations based on Industry sector and supervisory authority like –

    • Banking and Finance
    • Insurance Sector
    • Real Estate Sector
    • Lawyers
    • Dealers in Precious metals and Stones

    Board and Senior Management Awareness Program – HLB HAMT has developed customized training programs specially designed for the Board and Senior management to educated them on AML Compliance obligations, Local and Regional Rules and Organizational Liability for non-adherence.

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