Anti-Money Laundering
Compliance
The stability and security of a nation’s financial system can be significantly threatened by money laundering and terrorist financing. Therefore, compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations is crucial for the financial sector in the UAE. It is essential for businesses to have a robust AML strategy to combat these risks. Due to the stringent government regulations against ML/FT, maintaining compliance has become increasingly challenging. AML/CFT compliance consulting services can assist in navigating the volatile regulatory landscape and provide essential support.
Top AML Compliance Consultants in UAE
AKW Consultants holds a specialization in serving DNFBPs and has been instrumental in aligning the company policies with all regulations pertaining to anti-money laundering and terrorist funding as per the OECD guidelines.
We received been awarded as “KYC Guru” in 2020 and “Best Compliance Team” in 2021 for establishing the AML Compliance Framework for the first Cryptocurrency Trading Company set up in the UAE. We are appointed as an approved UAE Good Delivery Auditor for the Gold and Precious Metals sector by DMCC for Responsible Sourcing and Supply Chain
For the past two years since the introduction of the AML/CFT Law, AKW has prepared compliance manuals, conducted training, and acted as their outsourced ‘AML Compliance Consultants for 200+ companies in the UAE. These include prominent gold refineries and precious metal traders, top UAE real estate companies, crypto trading desks, and virtual asset exchanges spread over Dubai Mainland, DMCC, IFZA, SHAMS, and ADGM.
As the industry’s leading experts, we provide a variety of services that are tailored to the requirements of businesses looking to prevent financial crimes and maintain compliance.
Highly qualified Anti-Money Laundering consultants and AML compliance consultants who have in-depth knowledge of international AML rules and best practices make up our team of committed specialists. Our team of qualified anti-money laundering specialists is ready to help you every step of the way, whether you need assistance with creating and putting into place efficient AML frameworks, conducting exhaustive investigations, or improving your monitoring systems. We work to deliver specialized solutions that solve your unique AML concerns and contribute to the integrity of the financial system with our extensive experience and steadfast dedication to protecting your organization.
HOW CAN WE HELP?
- AML/CFT Health Check
- Conduct business risk assessment (BRA)
- Develop Code of Conduct and standard operating procedures
- Establish AML compliance framework within the AML / CFT Policy
- Assistance in KYC / CDD compliance
- Conduct enhanced due diligence
- Setup & train the firm’s internal compliance department
- AML Software selection & customization
- Conduct compliance audits at regular intervals
- Annual AML risk assessment report & bank questionnaires
- Transaction monitoring and DNFBP reporting on the FIU portal
- Act as an outsourced AML compliance consultant
- Provide KYC remediation service to banks / SMEs
- Provide support during inspections
