AML Services In UAE for Secure
Business Operations
We provide specialised assistance to businesses dealing with difficult AML regulatory standards. Our AML services include AML Registration (goAML Registration), Audit & Inspection Support, and Compliance, helping your business fulfil regulatory needs by minimising risks and avoiding penalties.
What are AML Compliance Services?
We understand the critical function of improved regulatory standards on anti-money laundering (AML) regulations because they require addressing existing framework weaknesses to build strong AML compliance programs that address multiple organisational risks.
Xpert Advisory develops AML risk assessments to help businesses with legal compliance and finance issues. Our AML consulting services in UAE assist companies, which include precious metal and stone dealers along with insurance providers and brokers, exchange houses and company service providers together with real estate brokers and their agents to develop solid Anti-Money Laundering and Combating the Financing of Terrorism (“AML and CFT”) programs.
Our team of anti-money laundering consulting services experts uses their experience across various sectors and their knowledge of the UAE regulatory climate to develop purpose-built AML policies suited for your organisation.
AML Law in the UAE
The following banks, insurance companies, financial institutions, and Designated Non-Financial Businesses and Professions (DNFBPs) must comply with the UAE’s AML Law:
Dealers in precious metals and stones
Real estate agents and brokers
Trust and corporate service providers
Auditors and independent accountants
Lawyers, notaries, and other legal professionals
The Legal Framework: UAE’s AML/CFT regulations
Federal Decree-Law No. (20) of 2018: Addresses Anti-Money Laundering and Combating Terrorism Financing received an amendment through Federal Decree-Law No. (26) of 2021.
Cabinet Decision No. (10) of 2019: Executes all provisions from Federal Decree-Law No. (20) of 2018 through Cabinet Resolution No. (24) of 2022.
Additional Important AML Legislation
Cabinet Decision No. (58) of 2020: Provides regulations for establishing beneficial ownership procedures.
Cabinet Resolution No. (53) of 2021: Defines administrative penalties for breaches of beneficial ownership regulations.
Cabinet Decision No. (16) of 2021: Describes AML/CFT violations and includes associated monetary fines.
Cabinet Resolution No. (74) of 2020: Serves to establish procedures for executing UN Security Council counter-terrorism instruments and weapon control measures.
Penalties
The penalty for violations can cause the UAE’s AML compliance department to issue a fine starting at AED 50,000*. Moreover, these penalties may be capped at AED 5,000,000* or result in business operators being prohibited from their sector or authorities removing business licenses and activities.
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How Do We Help with AML Services in UAE?
Our full-scale methodology assists clients in tackling their AML laws and regulations:
Risk Assessments
Our organisation performs complete risk evaluations to detect potential weaknesses.
KYC implementation
Our solutions enable you to establish tight KYC and EDD systems.
STR/SAR Reporting
Regular financial record analysis enables the discovery of suspicious transactions so the FIU receives immediate notifications from our team.
AML Training
The compliance team receives continuous support and training from us to boost internal fiscal crime knowledge.
Regular Audits
Our regular approval process monitors compliance frameworks for vulnerabilities by performing inspections and audits to resolve issues that are found.
Our Consulting Services for UAE Anti-Money Laundering
UAE-based anti-money laundering (AML) monitoring and investigations support services provide financial institutions with a more timely and precise identification regarding suspicious financial activities while lowering false positive rates to enhance overall AML operational efficiency. Our wide range of AML services includes:
AML/CFT Gap Analysis
Evaluate your business operation against UAE AML policies and procedures to detect possible risks or non-compliance matters. Our detailed assessment discovers non-compliant aspects and proposes tailored remedial solutions based on your business needs.
KYC CDD Remediation / EDD Reviews
Any organisation should create thorough KYC protocols to examine and confirm customer documentation which adheres to international anti-money laundering (AML) regulations. Our highly experienced AML compliance team helps you establish efficient KYC operations, creating a basis for lawful business execution.
Design AML Compliance Framework
The program builds an AML/CFT framework based on your core business features to create custom SOPs, compliance manuals, and AML policies. Our trusted AML professionals handle your AML strategies because they possess complete knowledge of global and local regulatory environments.
Customer Due Diligence Programme
Protection against AML risks grows stronger through specially designed Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, which maintain transparency and compliance throughout every client transaction.
Sanctions Screening
Your organisation must maintain adherence to all essential international standards. The sanctions screening solution provides extensive checks that protect accidental business deals with sanctioned businesses or persons through data matching across UAE, UN, OFAC and other critical lists.
AML & Sanctions Training
Employees receive specialised training that builds their knowledge and abilities for sanctions and AML law compliance so your company develops a widespread culture of awareness.
AML Policy & Procedure Design & Implementation
The team creates suitable AML-related frameworks by developing customised policies and procedures before deploying them to align with business operations.
Historical Transaction Reviews
Deep transaction analysis from your company allows us to monitor for legal violations and find any unclear, unreported activities.
Transaction Monitoring Program Design and Implementation
Our transaction monitoring system development produces tailor-made solutions that monitor suspicious activities effectively, thus ensuring prompt detection and full compliance adherence.
Inspection Support
Our detailed on-site examinations, robust reporting, and practical guidance compose an AML defence system that we provide to back your operation as you maintain continuous compliance between initial evaluations and corrective actions.
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Professional AML Consulting Services in Dubai: Xpert Advisory
Our company is a premier AML UAE consulting firm providing various assistance.
Anti-Money Laundering Consulting Services
We provide AML consulting services to help businesses easily perform customer onboarding and sanctions screening, transaction monitoring, STR/SAR reporting, and AML audits.
AML Compliance Software
We provide AML software to assist your duties through automated data management capabilities. This software can enhance security capabilities while meeting your organisation's functional requirements.
Trusted AML Consultants
Our anti-money laundering compliance services allow you to implement the latest practices and methodology that AML technologies provide. Our experience in AML solutions allows us to partner with you to establish a detailed framework to protect your company from financial crimes. Speak to Our Compliance experts! Contact Us Now for Complimentary AML Consultancy Services.
Businesses operating in the UAE must follow AML regulations to protect themselves from risks, stay out of penalties, and maintain an excellent reputation. Businesses must detect fraudulent activities through their regulatory compliance framework so they can report incidents immediately and execute appropriate responses.
Our organisation brings multiple years of experience serving in the industry and demonstrated success stories. Our customised solutions and ethical business approach make us a trusted AML consultation partner.
Yes, our AML compliance solutions suit businesses with diverse operational structures and falling within different industries.
Our service includes setting up an in-house AML compliance department for your organisation. We help clients develop their internal AML compliance departments by offering support for business-specific requirements.
Our team suggests yearly AML audits and continuous inspections that help maintain compliance through regular assessments of improvement opportunities.
Yes! Insurance is typically required as part of sustainable development goals ensuring protection against risks associated with running your business operations effectively within The Emirates.
DISCLAIMER –
This content is for informational purposes only and provided “as is.” We make no guarantees about the accuracy, completeness, or suitability of the information. Any reliance on it is at your own risk. We are not responsible for any losses or damages resulting from its use.
Fees and costs mentioned are for reference only, subject to change, and may vary based on individual circumstances.
