What is the AML sanction?
Anti-Money Laundering (AML) Sanctions Screening process involves screening a customer against sanctions lists as issued by government authorities. In UAE, customers need to be screened against the UAE Local Terrorist List and the United Nations Security Counsil Consolidated List. Sanctions Screening prevents businesses from engaging with clients that are sanctioned for being involved in activities such as terrorism, human rights violations, weapons proliferation, etc.
To know more about Snctions Screening, check out our guide here: