Source of Funds vs Source of Wealth: What UAE Businesses Need to Know
📌 Introduction Understanding where a customer’s money comes from is an important part of an effective Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT) and Counter-Proliferation Financing (CPF) compliance framework. Two terms frequently encountered during Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are Source of Funds (SoF) and Source of Wealth (SoW). Although the terms […]
How AML Gap Analysis Helps UAE Businesses Stay Compliant
📌 Introduction With increasing regulatory scrutiny in the UAE, businesses are expected to maintain strong Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) frameworks. Simply having AML policies in place is no longer sufficient—companies must ensure that these policies are effectively implemented and aligned with regulatory requirements. Under Federal Decree-Law No. 10 of 2025 and Cabinet […]
Re-KYC in UAE: Why Ongoing Due Diligence Is Essential
📌 Introduction In the UAE’s evolving Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) landscape, businesses are required not only to verify their customers at onboarding but also to continuously monitor and update customer information. With  Federal Decree-Law No. 10 of 2025 and Cabinet Decision No. 134 of 2025, the emphasis on ongoing due diligence has […]
Why AML Risk Assessment Is Critical for UAE Businesses
📌 Introduction In the UAE’s evolving regulatory environment, businesses are increasingly expected to implement robust Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) controls. With strict enforcement under Federal Decree-Law No. 10 of 2025 and its implementing regulations, companies must proactively identify and mitigate financial crime risks. One of the most important elements of an effective […]