eBook on Record-Keeping Requirements in the UAE

eBook on Record-Keeping Requirements in the UAE

Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures for regulated entities under UAE’s AML/CFT regulations involve obligations such as Know Your Customer (KYC), Customer Due Diligence (CDD), transactions monitoring, AML/CFT risk assessment, etc. These obligations require the regulated entities to collect information and documents from customers, suppliers, third parties, etc. This collected information needs to be maintained with the entity. This, in essence, constitutes the record-keeping obligations of the regulated entities under UAE’s AML/CFT regulations.  

This e-book lays bare the record-keeping requirements, helping you grasp the full scope of your record-keeping obligations and ensure compliance with UAE’s AML/CFT requirements.  In this e-book, we will discuss the answers to the following questions regarding recording keeping in detail: 

  1. What is AML record-keeping? Learn about the basics of record-keeping to start your journey to understanding it comprehensively 
  2. What types of records are required to be maintained? From Enterprise-Wide Risk Assessment (EWRA) to KYC records, we have provided a comprehensive list of information that needs to be maintained as part of the record-keeping process.  
  3. Why is record-keeping of customer-related information necessary? With numerous reasons why record-keeping is necessary, record-keeping is not just a regulatory obligation; it’s a strategic tool to protect your business from money laundering, terrorism financing and proliferation financing risks.  
  4. How do you maintain customer identity and transaction records? Get a practical understanding of how to maintain and secure records efficiently. 
  5. What are the challenges faced when maintaining customer records? Understand the common challenges while complying with your record-keeping obligations.  
  6. What are the best practices for effective record-keeping or customer information? Gain insights into the best practices of complying with the AML/CFT record-keeping requirements through our best practices guide, compiled for you by our experts.  

Whether you’re a financial institution, a designated non-financial business, or a virtual asset service provider, this e-book equips you with the knowledge to ensure compliance with AML/CFT record-keeping requirements and protect your business’s integrity against money laundering, terrorism financing or proliferation financing threats. Read now and get on with your AML/CFT compliance journey with us!  

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