AML Policy of UAE

The UAE is committed to combatting illegal financial activities such as money laundering and financing of terrorism. The country’s policies and strategies detect and deter financial crimes on its soil and prevent the use of its lands as a transit route or to transfer funds resulting from any criminal activity. The UAE also supports global efforts to counter money laundering and combat the financing of terrorism, seeking to fully implement the standards of the Financial Action Task Force (FATF).

What is Money Laundering?

Money laundering is defined as any financial or banking transaction aimed at concealing or changing the source of illegally obtained funds, by passing it through the financial and banking system to make it appear as originating from legitimate sources, and then re-pumping and investing it illegally.

Mohandas Balakrishnan Auditing LLC

Our firm strictly comply with the AML policies of UAE and committed to follow the rules applicable to DNFBPS.

Firm strictly follows the policies and procedures of AML in accordance with the guidelines of the Ministry.

To understand more, please view the PDF File