AML/CFT COMPLIANCE

The United Arab Emirates (UAE) contributes to global anti money laundering efforts and combating financing of terrorism (AML/CFT) and strives to fully implement the standards set by the International Financial Action Task Force (FATF)

Overview

Money laundering is defined as any financial or banking transaction aimed at concealing or changing the identity of illegally obtained funds by passing them through the financial and banking system in order to make them appear as originating from legitimate sources, and then re-pumping and investing them in a legal manner contrary to their real nature.

Legislation, Rules and Regulations

 

DNFBPs Guidance 

Guidance available for the Designated Non-Financial Businesses and Professions (Auditors, Dealers in Precious Metals and Stones, Real Estate, Trust and Company Service Providers) on Ministry of Economy portal KNOW MORE

Important Links

  • Registration on GoAML.
  • Targeted Financial Sanctions Guide.
  • Ultimate Beneficial Owner.
  • Ministry of Economy Circulars and Informative Videos.
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    Contact Us
    Please send any questions you may have regarding Ultimate beneficial owner Regulation to r.compliance@hfza.ae