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AML/CTF Policy & Procedure Manual Drafting

In today’s complex regulatory environment, every business must have a comprehensive Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policy manual that acts as the cornerstone of its compliance efforts. This manual is not just a document but a critical operational tool that standardises how your organisation prevents, detects, and reports illicit financial activities.

At Digitise, we don’t offer generic templates; instead, we provide tailor-made AML/CTF manuals developed after carefully understanding your business’s nature, size, customer base, transaction types, and associated risks. This personalised approach ensures that the policies are practical, relevant, and actionable for your specific operational context.

The manual we prepare includes clear documentation of:

• Your AML/CTF compliance framework: outlining the scope, objectives, and commitment of your organisation to combat financial crime.
• Risk assessment procedures: defining how you identify, assess, and mitigate risks related to customers, products, services, and geographic locations.
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes: specifying detailed steps for verifying customer identity, understanding beneficial ownership, and scrutinising high-risk clients or transactions.
• Transaction monitoring and reporting: detailing methods for ongoing transaction review and clear protocols for timely reporting of suspicious transactions to the relevant authorities.
• Roles and responsibilities: defining accountability within your compliance team and wider organisation, ensuring effective governance.
• Record keeping and documentation: specifying how to maintain accurate, retrievable records in accordance with regulatory timelines.

Beyond initial drafting, Digitise commits to regularly reviewing and updating the manual to incorporate changes in UAE AML laws and international best practices, ensuring your compliance programme remains effective and up-to-date.

This manual serves not only as a compliance requirement under UAE Federal Decree-Law No. (20) of 2018 and related regulations but also as a vital resource empowering your employees to consistently apply AML controls, thereby reducing the risk of regulatory breaches and financial crime.

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