Creating a great AML training program for employees is a serious requirement for financial institutions and Designated Non-finance Businesses & Professions. These include Dealers of Precious Metals and Stones, Auditors and Trust & Corporate Services Providers, and Real Estate Agents. It is mandatory to train the...
AML transaction monitoring has become a key part of Anti-Money Laundering (AML) compliance in the UAE. Carefully monitoring a suspicious transaction can stop thousands of millions of money laundering by criminals using your business. It can also help your company comply with the UAE AML...
Virtual assets like cryptocurrencies are getting increasing acceptance in many countries such as UAE. There is a risk of money laundering in such businesses, the Virtual Assets Service Providers (VASPs) have to comply with the regulations of Anti-Money Laundering and Combating the Financing of Terrorism...
Money Laundering Money laundering is a crime that involves disguising the proceeds of illegal activities as legitimate funds. One of the methods used in money laundering is layering. This involves moving the funds through a series of transactions and accounts to conceal their origin and ownership....
