AML

AML-compliance-for-gold-and-precious-metal-dealers-in-Dubai

AML for Gold & Precious Metal Dealers in Dubai – #2023 Update

Table of contents Introduction The jewelry industry is one of the most growing and dynamic sectors in the United Arab Emirates (UAE), with a rich heritage of traditional craftsmanship combined with modern technology. Jewelry manufacturing, distribution, and retail have long been an integral part of the UAE’s economy, with Dubai being a major hub for

AML Consultants in Dubai, UAE: Roles and Responsibilities

Table of contents Introduction In the modern financial landscape, Anti Money Laundering (AML) has emerged as a critical concern for governments, financial institutions, and businesses worldwide. The UAE, being a global financial hub, recognizes the importance of stringent measures to combat money laundering and the financing of terrorism.  AML Compliance in the UAE: The UAE

AML in UAE, Dubai #2023 – Should Service Providers be Concerned?

AML stands for Anti-Money Laundering. It refers to a set of laws, regulations, and procedures intended to prevent criminals from channelising of illegally obtained funds into the economy.  In the United Arab Emirates (UAE), AML regulations are enforced by the Central Bank of the UAE. These regulations are designed to prevent and combat money laundering

What Is The Process of Know Your Customer (KYC) in AML – 2023 Update #UAE

In today’s interconnected world, where financial transactions can cross borders in the blink of an eye, knowing your customer is more than just a business best practice—it’s a regulatory necessity. Know Your Customer, or KYC, is a process that businesses use to verify the identity of their clients. This process is crucial in preventing identity