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AML Compliance Consultation & Gap Analysis

At Digitise, we begin your AML compliance journey by conducting a comprehensive review and assessment of your existing Anti-Money Laundering policies, procedures, and internal controls. This process is designed to identify any gaps, weaknesses, or areas of non-compliance relative to the current UAE regulatory framework.

Our experts meticulously examine your compliance measures against the requirements set out in the:

• UAE Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations — the primary AML legislation in the UAE that defines obligations for all financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs).
• Cabinet Decision No. (10) of 2019 — which provides executive regulations detailing the practical implementation of the AML Law, including customer due diligence, record-keeping, and reporting obligations.
• Guidelines issued by the UAE Ministry of Economy — mandating periodic risk assessments, reporting suspicious activities, and filing annual AML/CFT Risk Assessment Reports.

During the gap analysis, we assess how well your existing AML controls address key areas such as:

• Customer identification and verification procedures (Know Your Customer or KYC)
• Risk-based approach adoption, including customer, product, and geographic risk profiling
• Transaction monitoring and suspicious transaction reporting mechanisms
• Employee training and awareness programmes
• Record-keeping and documentation practices
• Governance and compliance oversight

Our detailed report will highlight compliance strengths and critical gaps, prioritising areas that need immediate remediation to avoid regulatory penalties, operational risks, or reputational damage.

Based on this analysis, we develop a tailored AML compliance roadmap that helps your business:

• Align fully with UAE AML laws and international standards such as those set by the Financial Action Task Force (FATF)
• Enhance internal controls and risk management processes
• Prepare for regulatory inspections and audits with confidence
• Reduce exposure to financial crime risks through effective preventive measures

This foundational step ensures your business not only meets legal requirements but establishes a strong compliance culture that supports sustainable growth in the UAE’s dynamic economic environment.

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