Annual AML/CFT Risk Assessment Report

Annual AML/CFT Risk Assessment Report

Designated Non-Financial Businesses and Professions in UAE must file an annual AML/CFT Risk Assessment Report with the Ministry of Economic (MOE), UAE.
Pursuant to Article (44) 1 of 'Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulations of Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations', DNFBPS in UAE are required to file annual AML/CFT Report.

Get assistance in filing Annual AML/CFT Risk Assessment Report

Risk-based approach for annual AML Report Filing

The Annual AML/CFT Risk Assessment Report requires the filing of information that will form part of the Ministry of Economy's efforts to apply a risk-based approach while executing its mandate as a Supervisory Authority of Designated Non-Financial Businesses or Professions.

AML UAE assists DNFBPs in UAE to remain compliant with the AML Laws of UAE. Dealers in Precious Metals and Stones and other DNFBPs can avail of our services to comply with the requirement of filing of AML/CFT Risk Assessment Report.

Information required for Annual AML/CFT Report Submission

Annual AML/CFT Risk Assessment Report requires information submission pertaining to the:

AML UAE helps you file Annual AML/CFT Risk Assessment Questionnaire and provides a range of Anti-Money Laundering Consulting Services.

Annual AML/CFT Survey Questionnaire

The annual AML/CFT Risk Assessment Report contains a AML/CFT Survey Questionnaire to be filled up by the DNFBPs.

It requires submission of information related to:

AML UAE assists organizations in the submission of the Annual AML/CFT Risk Assessment Report, AML Health Check, AML Policy Manual Preparation, KYC, CDD, and EDD.

FAQs

AML risk assessments include evaluating risks of products, services, transactions, customers, and locations of businesses. It is a process of identifying threats to entities from financial frauds such as money laundering, terrorism financing, bribery, and corruption.  

FAQs

AML risk assessments include evaluating risks of products, services, transactions, customers, and locations of businesses. It is a process of identifying threats to entities from financial frauds such as money laundering, terrorism financing, bribery, and corruption.  

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