+97143445338 info@simplysolved.ae

AML COMPLIANCE

Cost effective ISO 9001 & 27001 Certified AML Advisory a compliance service your manage & operate your AML Obligations.

AML BUSINESS IMPACT

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

What Sets Our Service Apart

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Insight on AML

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Full Support To Manage AML

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Experienced Team & Quality Processes

Accounting Services

OUR EXECUTION

How We Deliver

Register

We advise you to secure Specific on the obligations and register you on the AML FIU system

Policies & Procedures

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.

AML Operations

You can appoint us as your MLRO to take care of your AML operations and provide annual reporting support.

Want to Improve Cost & Performance?

SimplySolved provides best practice quality processes, expertise and platforms to run your business more effectively.

AML Compliance Resources

TESTIMONIALS

Outsourced Accounting

I left Germany many years ago to avoid all this accounting and tax stuff and now its here, too. So I found those guys and they are absolutely great. Super professional , efficient and the most important thing they treat you like a person and NOT just like a number or a case. SimplySolved cleaned up my stuff from 2018 very efficient and now we are back on track and its such a relief to deal with them. Great value for money,highly recommended and absolutely trustworthy.

SimplySolved

SimplySolved helped us very well to reduce our VAT issues, they are providing us extremely good and proper service including a platform.

 

SimplySolved

Simply Solved is pretty amazing when it comes to helping us with our VAT filling. We don’t have much information with regarding to the new VAT Law of Dubai but with SimplySolved guiding us, we easily managed our VAT in no time.

SimplySolved

SimplySolved is unbelievably helpful to our company. They always go above and beyond to provide great customer service and preparing accurate VAT reports. I will recommend SimplySolved to all businesses that need assistance in VAT compliance and reporting.

SimplySolved

Our transactions are complex and we were unsure how to manage the new VAT rules, with SimplySolved they helped us fully comply to the FTA and submit our report with all the details available for us to understand.

SimplySolved

Managing our business takes up most of our time and so with the additional procedures and our limited understanding of the newly introduced VAT law, we were worried until SimplySolved took on the challenge and provided us the full solution with a service we can rely on. Great customer service as well!

SimplySolved

We would like to express our sincerest appreciation for your excellent job as our most reliable service provider related to Tax. Ever since we have signed the contract you have provided us the highest quality and better customer service. Assistive and very easy to reach personnel. We are excited to grow the level of cooperation between our organizations and looking forward to more fruitful business ahead.
Thank you.

SimplySolved

As a medical provider, we have so many works to deal with ad VAT reporting is new to us. We needed a provider that can help us understand how to manage VAT rules and reports. SimplySolved came in and gave us the full solution to our problems. We are so impressed! It’s such an excellent customer service!”

SimplySolved

Its been a month since we have you as our Accountant here in our Salon Business, at first we are hesitant, because its a new person and new relationship to build. but we are grateful and satisfied. She is very efficient, hard working and very professional when it comes to work. She is very helpful, supportive and she guide me all the time I needed her. She is very organize and very professional in her field. at last we found you and we are now in good hand. We are so happy and have the opportunity to work with you.

SimplySolved

In behalf of Perfect Smile Dental Center, we are very happy for the services of SimplySolved. Aside from that, all the staff is friendly and all our queries has been answered in no time. We would like to recommend Simply Solve to our networks.

SimplySolved

Very reliable and professional team and company, we work together since few months, and they support us on daily basis that made our daily work easy. They are managing our day to day accounting work, tax advices and financial analysis advices.

SimplySolved

I’m having a very good experience by working with this company. They have the skills for problems solving and working professionally under pressure.

FAQ’s

Who needs to register?

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

What is required to register successfully?

Registration through the MoF site and FIU is required with accurate information and declaration including the appointment of an internal compliance officer

What are the possible penalties?

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.

What does your business need to manage?

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

Does AML affect businesses in each sectors differently?

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

LET US SIMPLYSOLVE IT FOR YOU

Schedule a Consultation

Whether you have an existing Finance, Tax, HR, & IT function operating its own system and process or a small company needing complete outsourcing services, we have the flexibility to serve your business.

Sun - Thur: 9am-6pm, Fri - Sat: Closed

Office M11, Curve Building, Al Quoz 3, Sheikh Zayed Road, PO Box 116701, Dubai,United Arab Emirates

General Inquiry

Choose an AML Compliance

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