The United Arab Emirates has implemented various regulations to combat financial crimes related to money laundering, terrorist financing and proliferation financing.

To combat these crimes, the UAE’s anti-money laundering regulations impose certain compliance obligations on certain non-financial business segments – the Designated Non-Financial Businesses and Professions (DNFBPs).

These compliance requirements include registering with goAML, assessing business risk, implementing an appropriate anti-money laundering and countering the financing of terrorism framework, applying the necessary customer due diligence measures, employing processes and controls to identify suspected cases of money laundering and terrorist financing and reporting them to the FIU, etc.

The DNFBPs are also tasked with implementing targeted financial sanctions.

Here is a quick guide for all DNFBPs, covering the relevant AML/CFT regulations, the end-to-end compliance process and the procedure to comply with each obligation. Stay ML/FT safe, stay AML compliant!

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