Develop Internal Policies, Controls and Procedures that are commensurate with the nature and size of the business

AML/CTF internal policies, controls, and procedures development is concerned with implementing an effective internal control system over AML/CTF risks affecting your business. Successful management of such risks means you’ve complained with the relevant regulations in UAE and contributed to the safety of our country.

By using the help of our AML/CTF experts, you can ensure that your system of internal control over AML/CTF is well-designed by competent experts that have been successfully contributing to the combat of money laundering and terrorism financing risk in UAE for years.

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 internal policies, controls, and procedures development services

Our professionals firstly evaluate your current AML/CTF risk assessment and identification process to answer one important question, “are your AML/CTF risks adequately identified?”

Then your current AML/CTF policies, controls, and procedures are evaluated, in detail, to address all weaknesses within your AML/CTF risk management system. We help our clients design and improve their AML/CTF internal policies, controls, and procedures using the most effective, applicable takeaways of internal control frameworks and our extensive experience, while making the objectives of such an internal control system is to comply with each and every applicable provision of the relevant regulations in the UAE.

Even if you don’t currently have an AML/CTF internal control system, we can help you design the most effective one for your business!

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