AML Compliance Services in Dubai UAE

AML compliance services (MAK)

AML compliance services play a crucial role in helping businesses detect suspicious activities associated with criminal acts such as money laundering and terrorist financing. The escalating pressure from heightened regulations and investigations by both international and local authorities has led to intensified scrutiny, audits, and legal actions.

Whether addressing an immediate concern or taking a broader approach to compliance, organizations must establish comprehensive programs to mitigate the risks of non-compliance with local and international laws, regulations, as well as internal company policies and procedures.

MAK has conducted assessments of Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) procedures in the UAE. Our team, equipped with a blend of local and international expertise, consists of professionals with a unique set of skills and competencies in AML, CFT, sanctions, and compliance. Whether assisting a financial institution in proactively enhancing its program or responding reactively to a regulatory order, we offer support across various facets of AML/CFT program improvement, aligning with the evolving demands of the financial landscape.

AML Compliance

MAK offers specialized Anti-Money Laundering (AML) compliance services tailored for the UAE market. Our commitment lies in enhancing the compliance standards of businesses in the UAE, specifically addressing anti-money laundering and combatting the financing of terrorism through rigorous enforcement of rules and regulations. Entrusting your anti-money laundering compliance to MAK ensures comprehensive peace of mind. With our AML consulting services, we alleviate the burden of AML compliance, allowing you to concentrate on your core business activities.

Looking for AML Compliance Services?

In the UAE, our services for anti-money laundering (AML) monitoring and investigations aim to provide valuable, data-driven insights and proficient resources. Our goal is to enhance the identification of suspicious financial activities with increased speed and accuracy, minimizing false positives, and optimizing the efficiency of your AML processes.

 Our range of services includes:

• Formulating, Assessing, and Refreshing AML / CFT Policy and Procedures
• Creation of AML/CFT Policy and Procedures Manual
• Evaluation and revision of current AML /CFT Policy and Procedures
• Development of Anti-Bribery and Anti-corruption Policy
• Risk Assessment and Risk Profiling
• Evaluation of customer risk assessment methodology
• Aid in creating a customer risk assessment model in alignment with NRA guidelines
• Support in crafting a Risk Register – Identifying and mitigating risks

• Analysis of gaps
• Regular examination of onboarding documentation and transactions

• Support in choosing suitable AML/CFT software
• Perform software demonstrations
• Evaluate current core solutions, risk profiling, screening, and monitoring software solutions

• Help with registration on the GoAML Portal
• Guidance for the AML Compliance Officer in their daily responsibilities
• Support in executing Enhanced Due Diligence (ED) for high-risk customers
• Aid in the creation of statutory reports
• Support in screening customers and counterparties
• Conduct audits/reviews in accordance with statutory requirements
• Assistance in establishing documentation standards

IDENFO is a prestigious accreditation body responsible for evaluating auditing firms to ensure they adhere to professional, competent, and ethical standards. MAK, with offices in Dubai, Abu Dhabi, Bahrain, Oman, Saudi Arabia, Qatar, USA, UK, and India, has been directly verified by IDENFO and is well-prepared to offer a diverse range of Anti-Money Laundering (AML) services to its clients. Additionally, MAK can deliver ongoing AML monitoring and testing to ensure the effectiveness and currency of any business’s AML program. Our auditing firm not only excels in accredited AML services but also produces exceptional and distinctive audit reports, offering a comprehensive range of professional auditing and accounting services to cater to the diverse needs of various business clients, including:

• Statutory Audit
• DMCC Approved Audit
• Business Setup
• Bank Account Opening
• Company Liquidation
• Liquidation Audit
• Corporate Tax Audit
• Forensic Audit
• Audit in Free Zones
• HR & Payroll
• Accounting Review