AML CFT Regulations

The law on Anti Money Laundering in UAE has been enacted to combat money laundering, terrorist financing and other related threats to the nation. Federal Decree No. 20 of 2018 on Anti-Money Laundering and Countering the Financing of Terrorism was issued to develop the legislative and legal structure of the nation to ensure compliance with international standards on anti-money laundering and countering the financing of terrorism. The law aims to combat money-laundering practices, establish a legal framework that supports the authorities concerned with anti-money laundering, crimes related to money-laundering and counter the financing of terrorist operations and suspicious organisations. M&M can assist in providing compliance services in UAE to cover:

• Designing and Implementation of process and policies.
• Adherence to corporate governance.
• Regulatory Returns Review.
• Compliance audit.
• Compliance outsourcing.
• KYC process and procedure.