Compliance Issues and Anti-Money Laundering

An inspection by the Ministry of Economy, a fine for not registering on goAML, or a bank request for documents you do not know how to answer: anti-money laundering obligations in the UAE fall on your business long before any crime is involved.

This page gathers articles on the anti-money laundering and counter-terrorist financing obligations of gold and precious metals dealers, real estate brokers, corporate service providers and other designated non-financial businesses and professions: goAML registration, risk assessment, customer due diligence, suspicious transaction reporting, beneficial ownership, and challenging administrative penalties.

AWADH ALMHEIRI LAW FIRM AND LEGAL CONSULTATIONS, based in Dubai, advises businesses, nationals and residents across all seven emirates.