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Anti-Money Laundering (AML) Advisory
In September 2018, UAE introduced Federal Decree-law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism, and related Regulations were issued under the Cabinet Decision No. 10 of 2019 in February 2019 comprises the laws, regulations, and procedures to curb the disguising of illegally obtained funds through market manipulation, trading of illegal goods, corruption, tax evasion, terrorism, etc. AML is targeting to identify and prevent the methods to launder the illegally obtained funds. KSG Corporate Services safeguards your business’s reputation by protecting it from risks related to money laundering and terrorist financing.
Our Anti-Money Laundering (AML) Advisory includes:
Compliance Assessment AML and Counter Terrorist Financing (CTF)
Customer Due Diligence (CDD) through Know Your Customer (KYC) Compliance
Assessment of Transaction Monitoring Process
Standard Operating procedure SOP’s for specific AML / CTF Policy
Develop the CDD Policy and the KYC Checklist for the Company
Provide in house staff training
Respond to any queries raised by the authorities