AML policy, risk assessment and goAML reporting for businesses in Dubai. End-to-end anti-money laundering compliance support.
As your AML consultant in the UAE, we assess your risk exposure, put a compliant policy and customer due-diligence process in place, and manage your ongoing reporting obligations for Designated Non-Financial Businesses and Professions (DNFBPs) in Dubai and across the UAE, including goAML registration where required.
AML compliance is assessed and enforced by the UAE’s regulators, and penalties for non-compliance can be significant, so a policy that exists on paper but is not followed in practice is often treated the same as having none at all. We build your AML policy for DNFBPs and the supporting process together, then help you keep both current.
Key Benefits
- Risk assessment tailored to your sector
- AML policy and customer due-diligence procedures
- goAML registration and reporting support
- Staff training on red flags and reporting duties
Our Process
- Assess AML risk exposure
- Draft policy and due-diligence procedures
- Register and configure reporting channels
- Ongoing monitoring and reporting support
Frequently Asked Questions
Which businesses need AML compliance in the UAE?
Designated Non-Financial Businesses and Professions (DNFBPs), which includes real estate agents, dealers in precious metals and stones, corporate service providers and certain other sectors, are legally required to have AML measures in place.
What is goAML and do I need to register?
goAML is the UAE's platform for filing suspicious transaction reports and related submissions to the Financial Intelligence Unit. If your business falls under the AML regulations, registration on the platform is required.
What does an AML policy actually need to cover?
At minimum, a risk assessment, customer due diligence procedures, record-keeping practices and a process for identifying and reporting suspicious activity. We draft this specific to your sector rather than using a generic template.
What happens if we are found non-compliant?
Penalties can be substantial and are applied per violation, and repeated or serious non-compliance can affect your trade licence. Having a documented, followed policy is the main defence.
Do you provide staff training as part of this service?
Yes. Training your team to recognise red flags and follow the reporting process is part of the engagement, not a separate add-on.
How often does an AML policy need to be reviewed?
At least annually, or sooner if your business activities, customer base or risk profile changes materially. We build a review into the ongoing engagement rather than leaving it as a one-time document.
