Review current AML/CFT framework

Getting your current AML/CTF framework reviewed periodically is very vital to ensure your framework timely addresses new AML/CTF risks and manages them in the most effective cost-efficient way possible.

Identify & Assess Money Laundering & Terrorist Financing (ML/TF) risks

Why choose Al-Sharid for AML/CTF services?

Having got a well-practiced team of AML/CTF specialists that have been in the profession for years and contributed to the implementation of the previous AML/CTF regulations and now Federal Decree-law No. (20) of 2018 in UAE, our team are well-versed in the profession. Embodying the professional competences of professional skepticism, integrity, and due diligence, our team can delve deep within your processes, and address the AML/CTF risks and help you mitigate them to the lowest cost-efficient point possible.

Our approach to providing AML/CTF framework review service

By firstly assessing your business size, we can learn how to best satisfy the cost-benefit constraint. We then map your current framework components to the relevant provisions of world-class frameworks and AML/CTF best-practices.

This study is supported by examining how each one of these components is contributing to the setting and continuous evaluation of effective controls.

Upon our comprehensive review, and based on our extensive experience, we can provide you with suggestions to take your current AML/CTF framework to the next level.

Our team eventually provides you with helpful recommendations to help you best achieve your AML/CTF objectives.

Our team of experts has the right experience and knowledge to help your company achieve its objectives

Is my business directly supervised by the Supervisory Authority in UAE?

The businesses that are under direct supervision are financial institutions, designated non-financial businesses and professions and non-profit organizations. They are the most affected by the provisions of this law. However, all businesses in UAE play a vital role in the prevention of money-laundering and terrorism financing activities in UAE.

What are the designated non-financial businesses?

Also known as DNFB’s, are businesses that are in one of the following industries: Real Estate Precious Metals and Stones Accounting and Auditing Services Company Service Providers