Video on Filing Partial Name Match Report
Essential Element of Sanctions Compliance in UAE

Home Videos Essential Element of Sanctions Compliance in UAE – Filing Partial Name Match Report

Video on Filing Partial Name Match Report - Essential Element of Sanctions Compliance in UAE

The reporting entities (Financial Institutions, DNFBPs and Virtual Asset Service Providers) must comply with goAML reporting requirements with the Financial Intelligence Unit.

The reporting entities must screen their new/ existing customers based on the UNSC consolidated list and UAE local terrorist list before onboarding or carrying out any occasional transaction.

Based on sanction screening, if the entities find a potential match with the sanction list, then Reporting entities must suspend the transaction and file a Partial Name Match Report (PNMR) on the goAML portal.

Chapters:

  • 0:00 Introduction on Targeted Financial Sanctions
  • 0:25 Cabinet Decision 74 of 2020
  • 0:57 Brief on Partial Name Match Report
  • 1:28 Significance of customer screening and monitoring
  • 1:53 Procedure for conducting screening process
  • 2:42 Furnishing PNMR on goAML portal
  • 3:10 Understand the compliance obligations

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Related Laws, Guidelines, Rules, and Regulations

  • Circular No. 5 on Targeted Financial Sanctions Reporting
  • Circular 1 of 2022: Implementation of Targeted Financial Sanctions on UNSCRs 1718 (2006) and 2231 (2015)
  • Cabinet Resolution No. 74 of 2020 Regarding Terrorism Lists Regulation and Implementation of UN Security Council Resolutions

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