3/11/2020 2:00 PM
3/11/2020 4:00 PM
The Ministry of Economy has recently issued Guidance to all Designated Non-Financial Businesses and Professions (DNFBPs) obligating them to strictly comply with Anti-Money Laundering and Terrorist Financing (ML/TF) Regulations.
This is in full recognition of the vulnerability of DNFBs to ML/TF. This guidance is applicable to all DNFBP entities in the Mainland and Commercial Free Zones of the UAE.
DNFBPs include, Real Estate Sector, Accountants and Lawyers, Dealers in Precious Metals and Stones and Corporate Services providers.
All DNFBPs are required to immediately implement the following by 31st March 2021 as per Circular 1/2/3/4- 2021:
Other Compliance obligations include:
It is the responsibility of Senior Management to ensure Compliance with the Regulations.
Non-compliance will lead to censure, suspension of licenses and punitive fines.
Crowe UAE is at the fore-front of AML/CFT Compliance assistance being provided to all regulated entities.
Our Compliance team will assist your organization to fulfill the requirements under the Circular No 1/2/3/4-2021 and help your compliance efforts to avoid regulatory sanctions.
Who all should attend:
Look forward to welcoming you in the webinar.
Time: 2.00 PM
Platform: GoTo Webinar
Further details: firstname.lastname@example.org
Director - Governance, Risk & Compliance
Senior Consultant & Trainer
Governance, Risk & Compliance