What are three types of money laundering?

UAE
1

What are three types of money laundering?

2

Common money laundering typologies include:

  1. Structuring/smurfing: Breaking transactions into smaller amounts to avoid detection.
  2. Trade‑based money laundering (TBML): Misuse of invoices, over/under‑invoicing, phantom shipments or multiple invoicing to move value.
  3. Use of shell companies and nominees – Layering ownership through corporate vehicles, UBO concealment and third‑party payments.

In the UAE, these typologies are addressed through KYC/CDD and UBO verification, PEP/adverse media screening, sanctions and watchlist screening, transaction monitoring, and escalation to STR/SAR via goAML as required by Federal Decree‑Law No. (10) of 2025 and Cabinet Resolution No. (134) of 2025.