Flag of UAE

AML/CFT compliance in the United Arab Emirates (UAE)

Hotel Burj al Arab in Dubai, Emirates, UAE

MemberCheck's solutions for the United Arab Emirates (UAE)

Scan your clients against global PEP & Sanction data sources.

Keep up to date on risks your clients face by using reliable worldwide media.

Our EDD service helps identify and mitigate high-risk client.

Uae_FIU

UAE Compliance Agency

UAE_Continent

UAE Financial Intelligence Unit - (FIU)

The UAE Financial Intelligence Unit (FIU) analyses irregular transactions and events that may include money laundering, terrorist financing, and associated illegal activities, using data and reports from financial institutions (FIs), designated non-financial businesses and professions (DNFBPs) that cooperate and exchange expertise in order to identify and counter such activities.

The FIU promotes cooperation and mutual collaborations with state, regional, and international leaders that share a commitment to financial crime prevention. This partnership involves the creation of shared network platforms that facilitate the exchange of information between agencies charged with combating money laundering and terrorism financing.

How to comply with the Financial Intelligence Unit (FIU) regulations in UAE

Financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs) are expected to maintain and implement a compliance policy that includes, but is not limited to, the following:

AML/CTF reporting obligations to the Financial Intelligence Unit (FIU)

Financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs) are expected to notify the FIU of any unusual details discovered during their enforcement program. Examples of such escalations include, but are not limited to:

How can
MemberCheck Help?

We provide our clients with a secure and simple solution for scanning for politically exposed or high-risk individuals, as well as checking names against sanction, regulatory, law enforcement, and other official lists.

Use our sophisticated scan filters and due diligence workflow to minimise, and reduce the amount of time you spend sorting through, false matches. Scan results and reporting sections allow you to access customer details, whenever and wherever required, as well as download reports, to customise for further investigation or to provide evidence of your AML program compliance, for auditing purposes.

MemberCheck Dashboard User Interface
Flexigroup-Limited-Logo.png
The_Co-operative_Bank_(New_Zealand)_logo

* This page is intended as general information only and should not be relied on as the sole source of information for your AML obligations and AML program. Please visit your local regulatory authority sites for the latest relevant and full information.

Make your AML/CFT compliance effortless with MemberCheck