The UAE has established a robust anti-money laundering framework aligned with FATF recommendations. Businesses in designated sectors must comply with strict AML regulations, including registration with GoAML and appointment of a compliance officer. Our experts ensure your business meets all regulatory requirements.
Anti-Money Laundering (AML) refers to the set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. The UAE has implemented a comprehensive AML framework through Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).
Designated Non-Financial Businesses and Professions (DNFBPs) and financial institutions are required to implement robust AML controls and report any suspicious activities to the UAE Financial Intelligence Unit (FIU).
The following entities are required to comply with UAE AML regulations:
The UAE takes AML compliance seriously. Non-compliance can result in severe penalties:
English