Why Anti-Money Laundering Compliance is Crucial in the UAE
The UAE has very strong Anti-Money Laundering Compliance laws in place as per the international requirement to safeguard against the misuse of its financial system. Companies dealing in the region have to meet AML standards when carrying out their functions and activities, which would enable them to identify and report any form of money laundering and terrorism financing activities. Failure to meet the rules brings penalties, legal issues, and reputational costs.
Our AML Services
At Avyanco Auditing LLC, AML consulting services are designed to meet virtually all of your AML business needs with the goal of keeping your firm current with the latest AML regulations and helping you protect your business and its reputation.
AML Risk Assessment
We perform detailed risk assessments to pinpoint potential weaknesses in your business process. Our experts analyze the risk exposure related to your clients, transactions, and other business operations to design a strong AML framework.
AML Policy Development
Our consultants help develop tailored AML policies and procedures that suit the regulations in the UAE, providing a sound foundation for your business to identify and report any suspicious activities in a timely manner.
Customer Due Diligence (CDD) & Know Your Customer (KYC)
Mitigating risks requires effective KYC and CDD processes. We facilitate the implementation, review, and optimization of KYC procedures to identify the customer and the customer’s risk/ risk profile as mandated by regulatory standards
AML Training and Awareness Programs
Avyanco Auditing LLC provides tailored training to help your staff understand and apply AML legislation, regulations and best practices. Arming your team with the ability to identify and escalate potentially suspicious activity helps shield your business from regulatory and financial exposure.
Transaction Monitoring and Screening
Our sophisticated transaction monitoring tools automatically identify unusual activity or suspicious transactions in real-time and we will support you to make sure it stays that way, as the regulatory landscape continues to evolve.
AML Audit and Compliance Review
Regular audits are vital to maintaining ongoing compliance. Our team performs in-depth AML audits to assess the efficiency of your AML controls, identify any gaps, and make recommendations for improvements.
