AML Compliance

How Can a Real Estate Brokerage Prepare for an AML Inspection? An Anti-Money Laundering inspection can place significant pressure on a UAE real estate brokerage—particularly when the company is registered on goAML but has not maintained a complete, working compliance system. During an inspection, having an AML policy document is not enough. The brokerage should be able to demonstrate that it identifies customers and beneficial owners, assesses risks, screens relevant parties,

Our Company Has Never Completed an AML Risk Assessment—What Should We Do? Many UAE businesses register on goAML, appoint a Compliance Officer and collect identification documents from customers. They may believe these steps are enough to demonstrate Anti-Money Laundering compliance. Then the company receives an inspection notice or compliance questionnaire asking for its Business-Wide Risk Assessment or Institutional Risk Assessment. Management discovers that the company has