AML/CFT COMPLIANCE ADVISORY SERVICES UAE

The Government across the globe are waging a war to fight financial crimes. They have started taking measures to increase the scrutiny of Anti Money Laundering/Combating Finance of Terrorism processes and controls. Individuals and firms are now required to comply with minimum standards; failure to keep up with the changing requirements can lead to penalties and legal consequences.

 

Recently, the UAE Cabinet has formed the Executive Office of the Anti- Money Laundering and Countering the Finance of Terrorism with an aim to follow the international requirements in this sector. Various companies in the Jewelers &   Designated Non-Financial Businesses and Professions sector have been advised to register AML/CFT compliances.

The Aspire Consulting works as a consultant to assist in compliance and conduct independent assessments of Anti Money Laundering & Combating the Financing of Terrorism & Sanctions Compliance Framework. Our team of experts can help you in developing, implementing, and enhancing your compliance regime.

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Anti-Money Laundering Compliance Advisory

We help our customers and provide advisory services on:

  • AML Governance Framework

  • Assurance Reviews and Agreed upon Procedures

  • Compliance Remediation

  • Financial Crime Prevention Framework

2

Regulatory Compliance Documentation

One of the most important aspects of designing AML Compliance Program for your organization is developing documentation for the functional and regulatory reporting. Our team of experts will help you in:

  • Designing and Documentation of entire Compliance Program

  • Developing AML - CFT Policies for your Organization

  • Preparing SOP's and Flowcharts of each functionality aligning with Money Laundering typologies relevant to your industry

3

Sectoral Coverage

  • Company set up services and PRO services

  • Dealers in Precious Metals & Stone 

  • Banking & Finance

  • Insurance Sector

  • Real Estate Sector

4

Outsourcing of Compliance Function

Our experts help clients with dedicated resource service for compliance. We specialize in helping clients for:

  • Extended Due Diligence for your Customers

  • Outsourcing of screening services

  • Outsourcing of Risk Profiling  of your Customers

  • Managing as Third Party for your Go AML Registrations

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