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Anti-Money Laundering (AML) & Combating the Financing of Terrorism (CFT)

We provide services to Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) in order to help them comply with the procedures stipulated in Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulation of Decree Law No. (20) of 2018 on Anti Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The services are as following:

  • Review current AML/CFT framework
  • Identify & Assess Money Laundering & Terrorist Financing (ML/TF) risks (Financial Crime Risk Assessment)
  • Develop Internal Policies, Controls and Procedures that are commensurate with the nature and size of the business
  • Assess Client’s ML/TF risk
  • Outsource Compliance Officer / Money Laundering Reporting Officer (CO/MLRO) tasks
  • Undertake CDD measures towards customers
  • Provide Training in the field of AML/CFT to build the capabilities of the compliance officer and other competent employees
  • Perform Independent Audit to test the effectiveness and adequacy of internal policies, controls and procedures relating to combating the crime