Cost-effective ISO 9001, 27001 & 42001 Certified AML Advisory, compliance service, manage & operate your AML Obligations.
If your business operates with any of the following business activities: real estate broker & agent, dealer of precious metals and precious stones, accountant, auditors, or corporate service provider, you are obliged to comply with the Anti-Money Laundering legislation enacted under Legislation Federal Decree by Law No. (20) of 2018 on Anti Money Laundering.
This requires material changes to your business including mandatory AML registration, the appointment of a compliance office, implement AML policies and procedures, update KYC identify and report through the AML platform. Your business will be subject to an audit and failure to comply incurs significant penalties.
We can assist in implementing your AML policies and procedures and provide complete outsource support to manage your AML obligations.
*Initial Consultation is FREE
OUR DIFFERENCE
We advise you to secure Specific on the obligations and register you on the AML FIU system
We provide a full set of policies and procedures to manage your AML obligations. These are required under the MoF audit to demonstrate your business is managing KYC and risks to avoid fines
You can appoint us as your MLRO to take care of your AML operations and provide annual reporting support
SimplySolved provides best practice quality processes, expertise and platforms to run your business more effectively
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AML mandatorily applies to businesses undertaking specific activities including financial services, real estate broker & agent, dealer of precious metals and precious stones, accountant, auditors or corporate service providers
Registration through the MoF site and FIU is required with accurate information and declaration including the appointment of an internal compliance officer
26 violations can be applied for failing to comply. This could lead to fines of up to AED1,000,000 and cancellation of your trade license.
You will need to appoint an MLRO office, provide evidence of policies and procedures and demonstrate your operations is trained to manage the AML requirements
Yes. Although all sectors require universal management of KYC, risk assessment, and reporting, some businesses have additional requirements. e.g. gold and diamond have specific reporting for transactions above AED55,000
Whether you have an existing Accounting, VAT, Audit, Corporate Tax, Employee Management & Payroll and ERP & E-Commerce Integration function operating its own system & process, or a small or medium company needing complete outsourcing services, we have the flexibility to serve your business.
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