Financial Crime Risk Assessment

The most important step of AML/CTF risk management is identifying and assessing the financial crime risks affecting your business.

Whether your company has never done such assessments before or you want further assessment, we’ve got some great solutions for you!

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 financial crime risk assessment services

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

Not only does this overall evaluation help our team assess the financial crime risks within your business, this also gives your team critical recommendations for them to be able to do more effective financial crime risk assessments in the future.

Our team then proceeds to use their own hard-earned techniques to further identify risks your team might have missed.

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