How Long Does It Take To Get is this Golden visa or investor visa? Visa In Dubai? What to Expect
Dubai investor visas offer business-centric people, along with entrepreneurs, strategic opportunities to access Dubai’s business environment. But how long does it take to get investor visa in Dubai? In this guide will explain the entire process from application submission to final approval. Also, we’ll discuss the advantages of this visa and the eligibility criteria to […]
What is Sanction Screening in AML: Everything You Need to Know!
Financial institutions function in a complex environment, which creates significant pressure to safeguard their reputation while minimising financial losses. Without appropriate measures from the sanctions screening process, businesses encounter substantial difficulties in achieving this objective. Governments implement sanctions as penalties to target individuals along with entities and nations which participate in illegal activities. In this […]
What Is an AML Compliance Program? Get Complete Compliance Knowledge!
Anti-Money Laundering (AML) policy functions to protect banks from money laundering and terrorist financing activities by detecting other forms of illegal practices. Every financial business needs to follow AML rules when operating within specified industries. However, risk and compliance team members face the difficult task of developing robust AML compliance programs. So, in this guide, […]
AML Compliance for Jewelers in the UAE; Key Regulations and Best Practices
Small size yet big shine makes the precious jewels, metals and stones a tempting target to launder money for. Using illicit funds to get gold and diamonds and reselling them to get the dirty money in the market is no big deal for a criminal mind; marking the consequences of the growing jewelry industry bringing […]
Key Money Laundering Checks When Selling a House in the UAE
The real estate sector is highly vulnerable to money laundering in the UAE, with criminals exploiting property transactions to disguise illicit funds. The UAE real estate sector, as reported by the Central Bank, contributed 18.5% to non-oil GDP and 22% of bank loans in 2021, highlighting its economic importance and financial crime vulnerability. To mitigate […]
AML Fines and Penalties for Money Laundering Offenses in UAE
The United Arab Emirates (UAE) has emerged as a global business hub, attracting entrepreneurs and investors from around the world. The rise of UAE as a leading business hub leads to problems in stopping money laundering and terrorist financing operations. The UAE targets money laundering threats through robust Anti-Money Laundering (AML) guidelines and enforcement procedures. […]
How Customer Due Diligence or CDD in Money Laundering Prevents Financial Crimes?
Customer Due Diligence (CDD) is the backbone of AML compliance in the UAE, acting as a critical shield against money laundering. By verifying identities, assessing risks, and monitoring transactions, CDD ensures financial transparency and prevents illicit activities. With stringent regulations in place, the UAE mandates robust CDD measures to safeguard its financial system and uphold […]
What is Sanction Screening? Understanding the Types of Sanctions in AML
In the fight against financial crime and terrorism, AML sanctions act as a powerful shield, safeguarding the global financial system from illicit activities. These sanctions, enforced by international regulatory bodies, serve as a critical tool to prevent money laundering, terrorist financing, and other financial misconduct. For businesses and financial institutions operating in the UAE, understanding […]
Top 20 Books on Anti Money Laundering
Money laundering is a global challenge that threatens the integrity of financial systems everywhere. Professionals need to continuously expand their knowledge to stay ahead in this ever-evolving field. Explore top 20 books on anti money laundering packed with expert guidance, proven strategies, and real-world case studies that will sharpen your ability to understand, detect, and […]
How Money Laundering Works in the Art World?
A piece of art isn’t just a masterpiece, it can be a perfect cover for moving millions in the secretive world of money laundering. In fact, research indicates that illegal money transactions accounted for $10 billion out of the $64.1 billion that the global art market generated in 2019. Each deficiency in the art world […]
