eBook on AML Compliance for Online Jewellery Marketplace

The Precious Metals and Stones sector in UAE is at the pinnacle of redefining adornment with the Online Jewellery Marketplace. However, this latest disruption in the Precious Metals and Stones sector is also catching the eye of illicit actors.

This calls for greater Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) controls to be applied by Dealers in Precious Metals and Stones (DPMS).

Our latest eBook:

• Offers a closer look into the Online Jewellery Marketplace and what constitutes an Online Jewellery Marketplace and defines the qualifications of a customer as well as best practices to be adopted by Suppliers for listing themselves on an Online Jewellery Marketplace in accordance with UAE’s AML framework.
• Throws light on the AML Compliance Measures to be undertaken by Online Jewellery Marketplace to mitigate the Money Laundering, Terrorism Financing, and Proliferation Financing (ML, TF, and PF) risks to the Online Jewellery Marketplace
• Navigates the Regulatory milestones concerning legal framework for an Online Jewellery Marketplace including e-commerce as well as AML regulations
• Sets forth suggestive benchmark Requirements in a checklist format for Buyers and Sellers that DPMS must meet to qualify for listing and enrolling or registering on an Online Jewellery Marketplace to mitigate ML, TF and PF risks effectively
• Discusses AML Governance framework that can be adopted within the Online Jewellery Marketplace with a Risk Based Approach (RBA)
• Shares the List of Red Flags applicable to Online Jewellery Marketplace that are helpful for identifying Suspicious Activity or Transaction in a timely manner for following Regulatory Reporting requirements and implementing further Due Diligence measures
• Answers the Commonly Raised Queries regarding the Subject.

DPMS can download a copy of the eBook today to elevate the sparkling business with effective AML compliance!