AML/CFT compliance in the United Arab Emirates (UAE)
MemberCheck's solutions for the United Arab Emirates (UAE)
UAE Compliance Agency
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
AML/CTF reporting obligations to the Financial Intelligence Unit (FIU)
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.
* 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.