What are AML requirements?

UAE
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What are AML requirements?

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Anti-money laundering (AML) compliance requirements in UAE include the following tasks or processes:

• goAML Registration
• Appointment of AML Compliance Officer
• AML Business Risk Assessment
• Defining and Regularly Updating Internal AML Policies, Controls and Procedures
• Customer Due Diligence and Know Your Customer
• Sanctions Screening
• Submitting Suspicious Transactions Report or Suspicious Activity Report
• Record-Keeping
• Transactions Monitoring

To know more about AML requirements, check out our blog on AML Compliance here:

1 Like
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Should we add training in the list as this appears to be on another key aspect of AML, CFT compliance function?

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@ahmad_acca Yes, sure. That’s the missing aspect in the above list. Thanks.