Who Must Appoint an AML Compliance Officer in the UAE Under Federal Decree-Law No. 10 of 2025 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations (effective 14 October 2025), all financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) operating in the UAE are required to appoint a Compliance Officer. This … Read more
What Counts as a Banking Dispute in the UAE A banking dispute arises whenever a customer believes a bank has applied an incorrect charge, made an unauthorised deduction, processed a transaction incorrectly, denied a legitimate claim, closed an account improperly, or otherwise acted in a manner inconsistent with the agreed terms or the CBUAE’s Consumer … Read more
Why Are Audit Professionals Classified as DNFBPs Under UAE AML Law? The UAE’s anti-money laundering framework, currently governed by Federal Decree-Law No. 10 of 2025 and its implementing Cabinet Resolution No. 134 of 2025, classifies audit professionals as Designated Non-Financial Businesses and Professions, commonly referred to as DNFBPs. This classification exists because auditors occupy a … Read more
As part of the UAE Government’s commitment to combating money laundering and the financing of terrorism and illegal organizations, the government has established legislative, regulatory, and institutional frameworks to detect, prevent, and deter these activities. Under the UAE’s current AML framework, various institutions enforce compliance across all relevant entities. Among these is the Financial Intelligence … Read more
The UAE Central Bank (CBUAE) has issued guidelines on anti-money laundering to Registered Hawala Providers (RHPs) and to Licensed Financial Institutions (LFIs) that provide services to them. The objective is straightforward: ensure both groups genuinely understand their statutory obligations under the UAE’s AML and counter-terrorism financing framework, not just acknowledge them on paper. This guide … Read more
What Is the UAE’s Targeted Financial Sanctions Regime? The UAE implements United Nations Security Council Resolutions on Targeted Financial Sanctions through Cabinet Resolution No. 74 of 2020, which remains the current operative instrument governing the UAE’s Local Terrorist List and the implementation of UN sanctions obligations, alongside the broader AML/CFT framework under Federal Decree-Law No. … Read more
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