Provide training in the field of AML/CFT

Whether you’ve got new staff joining your AML/CTF compliance team, updating your policies, controls, and procedures, keeping your team up to date with new regulations, or even trying to raise the effectiveness and efficiency of your AML/CTF team, we’ve got the right training solutions for you.

Provide training in the field of AML/CFT to build the capabilities of the compliance officer and other competent employees

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. Our team can transfer their knowledge, experiences and hard earned best-practices to yours, helping you achieve your AML/CTF compliance objectives better.

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