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AML Policies & Procedures

Arabian Wingz helps UAE firms in designing effective AML/CFT compliance frameworks

AML/CFT Policy, Controls, and Procedures Documentation

What is an AML/CFT Policies and Procedures manual?
An AML/CFT Policies and Procedures manual is a very important document that highlights the measures taken by a business to detect, monitor, and stop financial crimes. It highlights internal controls, reporting channels, and roles approved by senior management, and make sure that the UAE regulatory requirements are fully met. Having the document that reflects the current laws is a way of protecting the organization from legal breaches, financial losses, and damage to its reputation. This document is extremely important for business integrity and the practice of transparency over a long period.

Arabian Wingz offers end-to-end AML/CFT documentation services for UAE entities and guarantees that your compliance framework is both comprehensive and practical. We help in the design and updating of the policy structures that adhere to UAE regulations, and even their implementation. Our services will not only minimize your exposure to financial crime but also increase the level of trust that you have with regulators and your clients.

Our End-to-End AML Policy Drafting Services in the UAE

At Arabian Wingz, we develop efficient AML/CFT frameworks that support the expansion of your company while adhering to UAE regulatory standards. Here is a comprehensive overview of what we offer:

Risk Identification

In order to identify any potential exposure to money laundering activities, our consultants examine your financial operations with complete accuracy. We help you take proactive steps in advance to reduce risks by identifying high-risk areas in your processes, especially where financial flows take place.

Assessment of Existing AML Policies

After the risk identification, our professionals assess your existing CFT and AML controls. This step helps to evaluate your business’s efficacy and adherence to stringent UAE legal requirements. Thus, our informative insights help you update your current framework to make it more transparent, secure, and adaptable.

Gap Analysis

The comprehensive analysis of identified risks and current AML controls is connected by our gap analysis. We share our informational findings with prominent compliance stakeholders to promote better decision-making and practical implementation while highlighting the weaknesses and areas for improvement.

Creation of Appropriate AML/CFT Frameworks

Our experts create a customized AML program that is designed with alignment to your business. To strengthen your defenses and guarantee long-term compliance across all operations, we help you make the most of compliance controls, reporting protocols, and risk monitoring tools.

Refreshing the AML/CFT Manual

Businesses should make sure that their AML/CFT manual is up to date and applicable to their operations as part of maintaining compliance standards. Our professional experts help with reviewing and updating the manual at least once a year, depending on the size and complexity of the organization. The following elements need to be carefully considered during this refresh process:

Comprehensive AML/CFT Laws Governing Businesses in the UAE

With complete adherence to the global AML/CFT best practices, the UAE has laid down strong legal measures to protect its comprehensive financial system. Here is a breakdown of some key governing regulations related to AML policy and procedures:

Federal Law No. 20 of 2018 on Anti-Money Laundering

This primary law defines the national framework for combating money laundering and terrorism financing. It:

Cabinet Decision No. 10 of 2019

Serving as the law’s implementing regulation, this decision enhances the operational aspects of compliance.

Risk Identification. Risk Control. Compliant

Complete AML/CFT services that reduce financial threats and push your organization toward compliance-led progress.

AML Compliance for DNFBPs (Real Estate, Precious Metals, CSPs, Legal & Accounting Firms)

The Ministry of Economy requires DNFBPs in the UAE to implement organized AML/CFT systems to identify and reduce financial crime risks. Companies compliance frameworks will be regulatory aligned if they add the following key features:

Failure to comply with these requirements may result in legal and financial penalties. Arabian Wingz offers end-to-end AML support for DNFBPs and helps businesses to be compliant while at the same time promoting a culture of transparency and integrity.

Why Choose Arabian Wingz For AML Compliance in the UAE?

We carry out regular evaluations of your AML/CFT systems and guide you through the transitions of business growth, new market penetration, or strategic changes. Therefore, this helps you to ensure the utmost compliance with UAE AML laws.

Our consultants consist of compliance experts, financial regulators, and legal advisors who mix technical know-how with industry experience and help you effectively reduce AML risks.

Having an in-depth knowledge of UAE AML laws as well as FATF guidelines, we are able to come up with programs that not only fulfill all the legal requirements but also simplify business operations efficiently.

We design personalized manuals and process guidelines for KYC, CDD, and EDD to support you in the efficient management of customer verification while at the same time having strong controls in place.

By adopting globally recognized AML frameworks, we not only help you reduce your risk exposure but also make sure that your compliance practices are long-lasting.

Our services cover more areas of compliance, which helps your business to create a comprehensive governance structure of 360° for your company.