What is AML Risk Assessment and How Does it Work?
The worldwide anti-money laundering efforts and regulations compel businesses under compliance to adopt a risk-based framework to prevent money laundering. Businesses need to conduct an AML risk assessment procedure before implementing risk-based approaches. An AML risk assessment allows businesses to develop their AML programs with KYC and CDD procedures while creating their risk-based approach. Below, […]
AML Laws UAE: Laws Related to Money Laundering and Terrorism Financing
Money laundering and terrorism financing are major financial criminal acts which undermine economic security and worldwide protection. The wide impact of these crimes has led international authorities and governments to create strict anti-money laundering regulations and laws to mitigate associated dangers. So, in today’s blog, we’ll examine the UAE’s laws related to money laundering activities […]
