AVA International Consultants is one of the leading firms in UAE, providing Risk & Compliance and advisory services to our clients. We always puts together our potential to detect and avoid all the risks related to Money Laundering and Financing of Terrorism. We also help you to take away all your Compliance burden by implementing our best practices in your company.
We work in line with the changing landscape of the UAE Financial Regime
Book a free advisory session to know more about UAE Anti-Money Laundering requirements for your business
What is AML ?
Anti-Money Laundering refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities or transactions.
Both Financial Institutions and all DNBFPs (Designated Non-Financial Business and Professions) operates in UAE are required to comply with the new Central Bank Law & regulations on Money Laundering and Financing of Terrorism.
The new AML Law insists banks, money exchange houses, finance companies, securities brokers, real estate firms, gold smiths etc. are operating in the UAE to follow strict Know Your Customer (KYC) guidelines by practicing enhanced Customer Due Diligence Process (CDD)
Irrespective of whether it is a small scale or large scale organizations should come up with a comprehensive plan to implement the AML process and adopt a fully established compliance culture in their day to day business operations.