We develop the appropriate AML/CFT framework policies, guidelines, and operational procedures for you. The following describes our procedure for developing acceptable AML/CFT frameworks for your company:
Identifying risks
We support our clients in the UAE by educating them about the threats that money laundering and terrorism funding pose to their companies. We examine your business procedures to find any openings that criminals looking to legalise illicit funds could exploit. The activities that entail the transportation of money are expressly included in these processes.
Assessment of current AML regulations
The assessment of your current AML and CFT policies and procedures that guarantee the protection of your operations from the proceeds of crime is the next phase in our approach to assist you in complying with UAE AML Laws. Then, we assess the effectiveness of these AML policies to find any potential flaws or any adjustments that are needed to protect the organisation from the risk of money laundering and to comply with UAE AML Laws.
Analyzing gaps
In steps 1 and 2, respectively, we record the identified risks and current AML regulations. Based on our results, we create a gap analysis to determine where we may contribute value to help your company achieve AML compliance. As they are the ones closest to the process and more knowledgeable of potential Anti-Money Laundering risks and loopholes, the AML Compliance Officer and stakeholders are consulted further to get their opinions on each.
Establishing suitable AML/CFT frameworks
For your company, our team of compliance and regulatory experts is skilled in developing strong AML compliance frameworks and control systems. We develop a personalised AML compliance programme in accordance with your company’s unique needs because we are aware of the hazards you are exposed to. To streamline your business processes, this also entails developing AML policy, controls, and procedures.