Customer Due Diligence (CDD) is one of the most important components of an effective Anti-Money Laundering and Counter-Terrorist Financing framework. It enables a business to understand who its customer is, who ultimately owns or controls the customer, why the customer wants to establish a relationship, what activity is expected, and whether the relationship presents money laundering, terrorist financing or proliferation financing risks.
5 Signs of AML Non-Compliance in UAE Businesses And How to Fix Each One
The signs of AML non-compliance in UAE businesses are rarely loud. There is no alarm when your KYC forms are outdated. No warning light when your goAML registration has lapsed. No notification when your compliance officer's responsibilities are too vague to satisfy the Ministry of Economy, the inspector.


