AML UAE, in collaboration with Castellum.AI, conducted a webinar on sanctions screening requirements in the UAE on November 3, 2022.

During the session, you will receive a brief explanation of sanctions, the regulatory requirements related to sanctions and the importance of complying with sanctions requirements in the UAE.

In addition to theoretical aspects surrounding sanctions, the webinar also discussed how sanctions screening can be carried out using Castellum.AI – one of the world's leading screening software. The co-founder of the software guided the audience through the highlights of this screening software's database – enriched with international and country-specific sanctions, 1,000 watch lists and global data on politically exposed persons (PEPs) and shell companies.

The AML software has features that make compliance with sanctions easy and secure, such as:

– Update the database every 5 minutes,
– Mass screening functionality,
– Manage workflows and add comments to search results,
– Maintenance of search history and audit trail,
– the ability to search in different languages (such as Arabic),
– Search with a person’s ID,
– easy download of search results with user comments,
– minimal false alarms, etc.

In addition to AML screening software, you can turn to AML UAE to manage your AML compliance in the UAE with comprehensive AML advisory services consisting of –

– AML policies, procedures and controls documentation: https://amluae.com/aml-cft-policy-controls-and-procedures-documentation/
– AML Business Risk Assessment: https://amluae.com/business-risk-assessment-services/
– Setting up an in-house AML compliance department: https://amluae.com/in-house-aml-compliance-department-setup/
– Managed KYC and Customer Due Diligence: https://amluae.com/kyc-and-cdd-services/
– Comprehensive AML training: https://amluae.com/aml-training/
– AML screening software: https://amluae.com/aml-software/
– Regular AML health check: https://amluae.com/aml-cft-health-check/
– Support with regulatory reporting with the Financial Intelligence Unit: https://amluae.com/regulatory-reporting-services/
– Annual AML Risk Assessment: https://amluae.com/annual-aml-cft-risk-assessment-report/

With this screening software and the comprehensive range of AML consulting services, you can meet AML requirements (including the implementation of sanctions) and protect your company from penalties for non-compliance and the risk of financial crime.

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