Tag: united-arab-emirates
20 posts · united-arab-emirates
Two short Divisions of the UAE Executive Regulations sit side by side. Division Eight sets out who the Compliance Officer is and what the role does. Division Nine says what a firm must do when a customer or a transaction comes from a high-risk country.
Chapter 14 of the FSRA's Anti-Money Laundering and Sanctions Rulebook, AML VER11.210526, governs what happens inside a firm between someone noticing something and a report reaching the UAE Financial Intelligence Unit (FIU). This briefing follows a suspicion…
The Executive Regulations treat a cross-border payment as a chain. An originating institution sends it, an intermediary receives and transmits it, and a beneficiary institution is the end point. The duties along that chain are not the same.
On 15 October 2026 the DFSA announced a financial penalty of USD 454,367.05 on Hayman-Woodward Global Mobility Services (DIFC) Ltd (HWW). The firm had carried on company service provider services in or from the DIFC without being registered as a Designated…
Every control in an AML programme rests on a judgement about risk: how much due diligence, how often to review, which alerts matter. Before the Executive Regulations reach customer due diligence, they require that judgement to be made, written down and kept…
The ADGM Financial Services Regulatory Authority published two Final Notices for contraventions of its Anti-Money Laundering and Sanctions Rulebook in November and December 2025. One went to Payward MENA Holdings Limited on 17 December 2025. The other went to…
Every customer file has to answer two questions before anything else. Who is the customer? And which natural person stands behind it? Cabinet Resolution No. (134) of 2025, the Executive Regulations of Federal Decree by Law No. (10) of 2025, answers both in a…
Chapter 12 of the FSRA's Anti-Money Laundering and Sanctions Rulebook is short. It says who may hold the Money Laundering Reporting Officer role in Abu Dhabi Global Market, what the firm owes that person, what the person is answerable for, and what must reach…
Ask two questions of a customer file. Who actually did the due diligence? And can the firm produce it? Cabinet Resolution No. (134) of 2025, the Executive Regulations of Federal Decree by Law No. (10) of 2025, answers the first in Article (20), in a Division…
On 26 February 2026 the DFSA issued a Notice of Amendments to Legislation. Its Board had made the AML Rule-Making Instrument (No. 435) 2026 and the Glossary Module Rule-Making Instrument (No. 436) 2026, both to come into force on 2 March 2026. The DFSA's…
A working session with your compliance team, then a walkthrough against your own risk appetite: the lifecycle end to end, scoring weights set to your policy, and a review of the audit trail the system produces.
