AML Law Requirements

Money laundering, in layman’s terms, is the illegal process of converting money attained by performing prohibited activities into “clean” money

Prevention of Money Laundering is a Matter of National Interest

Being a responsible citizen of your country, you should not conceal the source/s of all your income from the authorities in the nation. But unfortunately, every country has to deal with black hats who are involved in money laundering by forming strict laws and guidelines. Money laundering, in layman’s terms, is the illegal process of converting money attained by performing prohibited activities into “clean” money so that it can be freely used in legitimate business operations. By passing money through knotty transfers and transactions, or through a series of businesses, the money is “cleaned” of its illegitimate origin and made to appear as legitimate business profits. It’s no more a secret that every year, money laundering operations deal with trillions of dollars across the world, considerably impacting major national economies. And developed countries like the UAE is no exception. Money laundering is a predicament for the UAE, despite the measures the nation has taken to battle financial, organised, and terrorist crimes. It was in 2001 when the nation came forward and took major steps to keep track of cash flows and to cooperate with global endeavours so that it can withhold financing suspicious organisations through the UAE financial system.

Anti-Money Laundering Laws

In order to safeguard the country against the possibility of money laundering and terrorist funding, the UAE Government (UAEG) has implemented a robust Anti-Money Laundering (AML) system by enacting – Law No. 4/2002, the Anti-Money Laundering law & Law No. 1/2004, the counterterrorism law are the two laws. The principle AML/CFT legislation applicable is the Federal Decree-Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations (the “AML-CFT Law” or “the Law”) and implementing regulation, Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulation of Decree Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations (the “AML-CFT Decision” or “the Cabinet Decision”).

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Services on AML Law Requirements


Keeping up with the ever-changing AML regulatory requirements is quite challenging for businesses worldwide. Even a minor fault on your part can show you severe consequences such as loss of penalties, loss of reputation, and even legal proceedings. Therefore, it makes absolute sense you approach the best Anti Money Laundering Consulting Firm in Dubai, UAE for the required support to avoid any unpleasant happenings.

Learning the wrinkles from someone more experienced in the field not only gives you peace of mind but also saves tons of time. Whether you are setting up a business in Dubai or any part of the world, the implementation of a owerful Anti Money Laundering system all across your business is paramount. The strict regulations against money laundering and suspicious activities imposed by the government bodies and the ever-rising AML compliance needs have made remaining compliant challenging. Here comes the need to take advice from an expert business setup consultant in DubaiAdam Global is an award-winning business consultancy firm in Dubai, UAE, armed with the most experienced professionals who go the whole hog to render quality AML consulting services for your entire AML journey. Because we understand that being AML compliant is not only crucial for companies but also, it’s a social commitment for them.

Why AML Compliance Consultation?

The fact that the regulatory environment for AML compliance is getting complicated day by day can have your stomach in knots. Authorities in nations worldwide issued unprecedented money-laundering fines in 2020, five times more than the prior year’s totals. And recently in August 2021, Dubai announced a special court focused on combating money laundering in an attempt to “strengthen the integrity of the financial system,” as stated by the Emirate’s media office. In January of this year (2021) itself, the UAE handed out $12 million worth of fines to banks breaching anti-money laundering laws. You yourself can understand how important it is to conduct AML compliance with kid gloves more than ever.

To steer clear of these sorts of nail-biting moments or unpleasant incidents, you have to have an expert by your side who can ensure your business runs smoothly and cleanly with all aspects AML compliant. Before you engage a consultancy for AML compliance consultation, make sure the company executives are abreast with the constantly changing regulations of the AML Act. And when you approach Adam Global for AML service requirements, you can sit back and relax knowing that you are at the right place – a place where clients are provided with world-class services by the AML advisors who love keeping tabs on the latest updates and sharing them further. The seasoned AML consultants at Adam Global never hesitate to share with their clients any important information about the law and how best they can implement it in their organization and remain anti-money laundering regulations compliant. We are looking forward to fulfilling your AML requirement.


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Don’t wait until it’s too late. Contact Adam Global Auditing & Accounting today to learn more about how we can help your business comply in the UAE and maximize your savings. 

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