Here is the comprehensive guide to Anti-Money Laundering (AML) Laws in UAE for DNFBPs. The principal AML/CFT legislation applicable are:

Taking Measures to Combat Money Laundering and Terrorism Financing Crimes. The UAE is committed to combatting illegal financial activities such as money laundering and financing of terrorism.

AML UAE is a top AML solution provider in UAE and we believe that FIs, DNFBPs, and VASPs in UAE can take proactive financial crime risk compliance actions and contribute towards AML in UAE. We design and implement bespoke AML programs for reporting entities in UAE commensurate with the risks, size, and nature of business.

Apr 24, 2020 · Due to its status as a financial hub, money laundering in Dubai is a concern that must be taken seriously by financial institutions. Learn how to comply. Anti-money laundering in Dubai is based on UAE federal legislation, developed to meet the international AML/CFT standards and overlooked by the DFSA.

Dec 6, 2021 · UAE has an Anti-Money Laundering Law in UAE [ Federal Decree Law No (20) of 2018] in place. The law aims to combat money-laundering practices, establish a legal framework to support authorities to curb financial crimes, and …

The Decree Federal Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations has been amended by Federal Decree-Law No. (26) of 2021 and Federal Law by Decree No. (7) of 2024 respectively, You are viewing the latest version. Please find the PDFs of versions on the table below. Governor.

Our objective is to protect the nation’s financial and economic stability by reducing the threat of criminal economic activity in the UAE. To achieve this, we work towards 12 strategic goals.

Jul 11, 2024 · Central Bank of the UAE established a dedicated department in August 2020 to handle all anti-money laundering matters and to combat the financing of terrorism (AML/CFT). AML/CFT serves three key objectives: identifying relevant threats, vulnerabilities and emerging risks concerning the UAE's financial sector. Read more on AML/CFT.

Learn how to stay compliant with the latest Anti-Money Laundering (AML) regulations in the United Arab Emirates (UAE) The UAE is a global hub for international trade and finance. The country has several free trade zones that attract big business but also pose risks for money laundering and terrorist financing.

In April 2020, the Financial Action Task Force (FATF) issued its Mutual Evaluation Report (MER) on the UAE’s AML/CFT measures. Based on an assessment conducted in 2019, the MER analyses the UAE’s compliance level with the FATF 40 Recommendations and the effectiveness of its AML/CFT system.