ProAct offers Anti-Money Laundering (AML) compliance services that aid businesses in detecting suspicious activities related to criminal behaviors such as money laundering and terrorist financing. The rising scrutiny and investigations by both local and international authorities are putting immense pressure on businesses, necessitating thorough reviews, audits, and legal actions.
Organizations, whether dealing with immediate concerns or focusing on broader compliance issues, must establish comprehensive programs to mitigate the risks of non-compliance with local and global laws, regulations, internal policies, and procedures.
Our team at ProAct has evaluated Anti-Money Laundering (AML) and combating the financing of terrorism (CFT) protocols in the UAE. We bring together a blend of local and international expertise and knowledge, with a team of professionals equipped with a unique set of skills and competencies crucial to AML, CFT, sanctions, and compliance matters.
Whether supporting a financial institution in enhancing its compliance program proactively or responding reactively to regulatory mandates, we provide guidance across various areas of AML/CFT program enhancement that the financial sector seeks in today’s dynamic market environment.
AML Compliance Services by ProAct in UAE
ProAct is committed to offering Anti-Money Laundering (AML) compliance services in the UAE, tailored specifically to the local market. We are dedicated to enhancing businesses’ compliance in the UAE through comprehensive anti-money laundering consulting and robust enforcement of regulations to combat terrorism financing. Entrust your AML compliance to ProAct for peace of mind, as we alleviate your compliance burdens with our consulting services, allowing you to concentrate on your core business activities.
Seeking AML Compliance Services?
Our anti-money laundering (AML) monitoring and investigation services in the UAE provide valuable, data-backed insights and expert resources to swiftly and accurately identify suspicious financial activities, minimize false alarms, and enhance the effectiveness of your AML processes.
Our service offerings encompass:
AML Policy and Procedures
- Crafting, Evaluating, and Enhancing AML/CFT Policy and Procedures
- Creating an AML/CFT Policy and Procedures Manual
- Revising and Updating Current AML/CFT Policy and Procedures
- Developing Anti-Bribery and Anti-corruption Policies
Risk Assessment and Profiling
- Assessing the customer risk assessment approach
- Participating in constructing a customer risk assessment model in line with NRA directives
- Aiding in compiling a Risk Register for identifying and addressing risks
AML/CFT Health Check
- Conducting Gap Assessments
- Regular assessments of onboarding documents and transactions
AML IT Systems
- Supporting in the selection of suitable AML/CFT software
- Arranging software demonstrations
- Reviewing existing core solutions, risk profiling, screening, and monitoring software
Compliance Support
- Aid in registering on the GoAML Portal
- Offering guidance to the AML Compliance Officer for daily tasks
- Assisting in Enhanced Due Diligence for high-risk clients
- Helping in preparing statutory reports
- Customer and counterparty screening assistance
- Performing Audits/evaluations as required by law
- Assisting in establishing documentation standards
IDENFO Certified Anti-Money Laundering Services
ProAct Auditing is a leading provider of Anti-Money Laundering (AML) services, rigorously verified by the esteemed accreditation body, IDENFO. This certification guarantees our adherence to the highest professional, competency, and ethical standards.
We offer a comprehensive suite of AML solutions tailored to your business needs. Our services extend beyond initial assessments, providing ongoing monitoring and testing to ensure your AML program remains robust and compliant with evolving regulations.
Please contact ProAct for your Anti Money Laundering (AML) Compliances!