abcapital.ae

federal fta

FTA Certified Tax Agency 

TAN 30008239

  • +971 52 365 5193
  • info@abcapital.ae
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Corporate Regulations & AML/CFT Compliance in Dubai

At AB Capital Services, we take pride in offering top-notch corporate regulations and AML/CFT compliance services to Designated Non-Financial Businesses and Professions (DNFBPs) in Dubai. With our team of industry experts, we are committed to assisting your business in navigating the complex landscape of regulatory requirements and ensuring compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) standards

We provide expert guidance and support to help you appeal against administrative penalties imposed by the Ministry of Economy and/or licensing authorities in the UAE. Our aim is to help you waive or reduce fines, minimizing the impact on your business.

Our experienced professionals conduct thorough assessments of your organization’s compliance framework. Through a detailed review, we identify any gaps and provide actionable insights to enhance your corporate compliance procedures.

We assist you in developing robust customer screening and onboarding procedures. By implementing effective due diligence measures, you can mitigate the risk of engaging with individuals or entities involved in illicit activities.

Our experts specialize in designing, reviewing, and updating AML/CFT policies and procedures tailored to your business needs. We ensure your policies align with international standards and regulatory guidelines, enabling you to maintain a strong compliance framework.

We help you develop a comprehensive risk assessment methodology in accordance with the National Risk Assessment (NRA) guidelines. Our approach ensures accurate risk profiling and assists in identifying potential vulnerabilities

AB Capital Services ensures your compliance with Ultimate Beneficial Ownership regulations. We guide you through the process of identifying and verifying the beneficial owners of your organization, fostering transparency and integrity.

Partner with AB Capital Services

At AB Capital Services, we take pride in offering top-notch corporate regulations and AML/CFT compliance services to Designated Non-Financial Businesses and Professions (DNFBPs) in Dubai. With our team of industry experts, we are committed to assisting your business in navigating the complex landscape of regulatory requirements and ensuring compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) standards

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Frequently Asked Questions

What are the key AML/CFT regulations in the UAE?

The UAE adheres to several international and local AML/CFT regulations, including:

  • Federal Law No. 20 of 2018 on (Anti-Money Laundering and Countering Financing of Terrorism)
  • Central Bank Directives and Circulars issued by the Central Bank of the UAE
  • Financial Action Task Force (FATF) Recommendations Staying updated on these evolving regulations is crucial.

We can help you navigate the complexities and ensure your compliance.

How can your consultancy help my bank comply with AML/CFT regulations?

We offer a comprehensive range of AML/CFT compliance services, including:

  • AML/CFT risk assessments: Identifying and evaluating your bank’s money laundering and terrorist financing risks.
  • Development and implementation of AML/CFT policies and procedures: Tailoring these to your specific needs and ensuring they meet regulatory requirements.
  • Customer due diligence (CDD) and enhanced due diligence (EDD) support: Assisting you with KYC/AML checks and verifying customer identities.
  • Transaction monitoring and suspicious activity reporting (SAR): Implementing systems to detect and report suspicious transactions.
  • AML/CFT training for your staff: Educating your employees on their AML/CFT obligations and best practices.
What are the benefits of working with a specialized AML/CFT consultancy?

Partnering with us offers several advantages:

  • Expertise: We have deep knowledge of UAE AML/CFT regulations and industry best practices.
  • Efficiency: We can help you save time and resources by handling your AML/CFT compliance needs.
  • Cost-effectiveness: Our services can help you avoid costly penalties for non-compliance.
  • Peace of mind: Knowing you have a reliable partner ensures your bank operates within regulatory frameworks.
How much does your AML/CFT consultancy service cost?

Our fees are tailored to your specific needs and the scope of services required. We offer flexible pricing options and will provide a transparent quote upfront.

What sets your consultancy apart from others?

We distinguish ourselves by:

  • Local expertise: We have a deep understanding of the UAE’s regulatory landscape and cultural nuances.
  • Personalized approach: We tailor our services to your unique bank’s needs and risk profile.
  • Proactive and responsive: We stay informed about evolving regulations and provide timely guidance.
  • Experienced team: Our team consists of qualified professionals with extensive AML/CFT experience.
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