Creating an effective AML-CFT (Anti-Money Laundering and Combating the Financing of Terrorism) framework is crucial for businesses to detect and mitigate risks associated with money laundering and terrorist financing (ML-FT). At AARMAK, we assist companies in developing robust AML-CFT frameworks that align with UAE regulations, ensuring compliance and safeguarding your organization’s reputation.
An AML-CFT framework outlines the policies, controls, and procedures required to comply with the UAE’s AML-CFT laws. It must be a formally written and approved document accessible to key compliance staff, independent auditors, and supervisory authorities. This program helps entities control their operations and minimize exposure to ML-FT activities.
The rise in ML-FT crimes poses a significant threat to businesses in the UAE. Falling victim to these crimes can harm an organization’s integrity and reputation. AARMAK helps companies take control of their processes by implementing a tailor-made AML framework that mitigates these risks while ensuring compliance with UAE AML-CFT laws.
AARMAK’s AML specialists in Dubai offer end-to-end services to help you develop a solid AML-CFT framework. Our services include:
Developing an AML-CFT framework is a legal requirement in the UAE. Businesses must have policies and procedures in place to reduce the risk of ML-FT activities. AARMAK provides comprehensive AML-CFT services to ensure businesses remain compliant, eliminate risks, and implement robust control systems.
Provides expert auditing, accounting, and business services in Dubai, leveraging 20 years of experience to ensure compliance and drive growth for our clients.