AML CFT Compliance Services in UAE
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AML Compliance Services in UAE
At Elevate, we help you navigate the complex world of anti-money laundering regulations in the UAE. We cover every aspect of AML Compliance Services in UAE, allowing you to concentrate on growing your business.
We serve clients across the Freezones, Mainland, DMCC, and ADGM, with a special focus on sectors such as gold and jewellery, real estate, and other non-financial businesses. Our approach is simple, direct, and backed by real industry experience.
Why AML Compliance Services Matter in the UAE
AML fines can range from AED 50,000 up to AED 5,000,000. For businesses, a slip-up isn’t an option. With our AML compliance services, you get expert help to keep your operations safe from heavy penalties.
Who Needs AML Compliance?
Designated Non-Financial Businesses and Professions (DNFBPs)
- Brokers and real estate agents.
- Dealers in precious metals and stones.
- Independent legal professionals and accountants.
- Providers of corporate services and trusts.
Financial Institutions
- Banks and finance companies.
- Exchange houses and money service providers (including hawaladar or similar money transfer services).
- Insurance companies and brokers.
- Securities and commodities brokers, dealers, advisors, and investment managers.
- Virtual asset service providers (VASPs).
- Other financial organizations.
Core AML and CTF Duties in the UAE
To keep things running smoothly, businesses must adopt a set of practical measures:
- Appoint a Certified Money Laundering Reporting Officer (MLRO).
- Develop internal policies, procedures, and controls.
- Conduct Customer Due Diligence (CDD) and client screening.
- Prepare periodic AML reports.
- Deliver AML and CTF training for your team.
Why Choose Elevate for Your AML Needs?
- Expertise Across Key Zones: We cover all major trading areas including Freezones, Mainland, DMCC, and ADGM.
- Dedicated Support: Our team includes more than five dedicated support staff ready to help with your AML matters.
- Proven Track Record: We currently manage the AML portfolios for over 70 companies, making us a trusted partner in the field.
Our Range of AML Services
- goAML Registration.
- Crafting AML/CFT Policies, Procedures, and Controls.
- Rolling out AML/CFT Awareness and Training Programs.
- Preparing comprehensive AML Audit Reports.
- Conducting sanctions screening and KYC checks.
- Performing gap assessments with regular reviews
- Carrying out individual and enterprise-wide risk assessments.
- Offering support during AML inspections.
- Keeping you updated with the latest compliance guidelines.
Special Focus: AML Compliance for Gold, Jewellers, and Real Estate
Given the high risks associated with money laundering in the gold and jewellery trade, as well as the property market, our services address industry-specific challenges:
Gold & Jewellers:
- Tailored checks and screening processes for precious metals and stones.
- Guidance on record-keeping and transaction monitoring to match local standards.
- Advice on handling regulatory updates that affect your trade.
Real Estate:
- Customized due diligence processes for property transactions.
- Risk assessments geared toward real estate agents and brokers.
- Assistance in meeting reporting requirements that protect your business.
Keeping Up with a Changing Regulatory Landscape
The anti money laundering law in the UAE is regularly updated, which means that staying informed is part of doing business. At Elevate, we not only help you follow current guidelines but also prepare you for future changes. Our experts monitor updates and changes so that you can always be a step ahead.
AML Compliance Dubai
Continuous Monitoring and Reporting
Customized Consulting
Ready to Talk AML Compliance?
At Elevate, we bring a blend of past-tested methods and forward-thinking insights to keep you ahead of the compliance game. We’re here to simplify the process, protect your business, and give you peace of mind.