Creating a robust Anti-Money Laundering (AML) compliance program in the UAE is essential for businesses to comply with stringent regulations aimed at preventing financial crimes. The UAE’s Anti-Money Laundering (AML) regulations, such as Federal Decree-Law No. 20 of 2018, govern financial institutions, Designated Non-Financial Businesses and Professions (DNFBPs), and Virtual Asset Service Providers (VASPs). Here’s...
Money laundering and terrorism financing have serious implications for economies and societies worldwide, leading countries to implement stringent anti-money laundering (AML) regulations. The UAE, being a prominent international financial hub, has established robust AML and Counter-Terrorism Financing (CFT) regulations to protect its financial system. The UAE’s AML regulations are enforced by various supervisory authorities, such...
