ASC Group provides end-to-end anti money laundering (AML) compliance services to help businesses meet mandatory obligations under UAE anti money laundering law. Our AML solutions are tailored to financial institutions, DNFBPs, and corporate entities seeking to establish or enhance strong internal controls. We help you mitigate financial crime risks, avoid regulatory penalties, and maintain market integrity in a highly monitored regulatory ecosystem.
Adherence to Federal Decree-Law No. 20 of 2018, Cabinet Decision 10/2019, and FATF standards
Risk-based AML frameworks, monitoring systems, and suspicious transaction reporting
Risk-based AML frameworks, monitoring systems, and suspicious transaction reporting
Risk-based AML frameworks, monitoring systems, and suspicious transaction reporting
Risk Advisory
Imagine losing your financial license overnight—for missing a simple compliance update. Imagine losing your financial l...
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Primary Laws & Regulations:
Core anti money laundering act for all UAE entities
Executive rules for AML compliance in UAE
AML/CFT compliance for financial institutions
AML duties for DNFBPs including real estate, auditors, dealers, and CSPs
Mandatory for all reporting entities to file anti money laundering reporting via FIU platform
Our Streamlined AML Process
Understand your business model, industry, and regulatory exposure
Timeline: 2–3 working days
Identify gaps in KYC/CDD/STR reporting frameworks
Tentative Duration: 1–2 weeks
Draft AML program documents, assist with GoAML registration
Tentative Duration: 2–4 weeks
Conduct training and support operational implementation
Timeline: Ongoing
Federal Decree Law No. 20 of 2018 (Core AML Legislation)
CBUAE Circular 24/2019 (Central Bank AML Guidelines)
MOF AML Guidelines / Cabinet Decision No. 10/2019 (For DNFBPs)
GoAML Reporting – FIU Platform
Applies to all natural and legal persons in the UAE (including FIs and DNFBPs).
Applies to licensed financial institutions: banks, insurers, exchange houses, etc.
Applies to DNFBPs: auditors, CSPs, real estate agents, dealers in precious metals/stones
Applies to all FIs & DNFBPs for reporting suspicious transactions to FIU via GoAML
| Regulation / Guideline | Penalties for Non-Compliance |
|---|---|
|
Federal Decree Law No. 20 of 2018 (Core AML Legislation) |
Fines up to AED 5 million per violation – Imprisonment and asset seizure for wilful violations – Business license suspension or cancellation |
|
CBUAE Circular 24/2019 (Central Bank AML Guidelines) |
Fines from AED 50,000 to AED 10 million – Restrictions on operations – Public reprimand – Regulatory sanctions on management |
|
MOF AML Guidelines / Cabinet Decision No. 10/2019 (For DNFBPs) |
Fines from AED 50,000 to AED 1 million – Up to AED 5 million for repeated offenses – Risk of criminal referral and license |
|
GoAML Reporting – FIU Platform |
Fines up to AED 500,000 for failures – Regulatory scrutiny – Portal access denial – Increased audit risk |
| Risk Type | Examples |
|---|---|
|
Customer Risk |
PEPs, shell companies, anonymous account holders |
|
Geographic Risk |
Transactions involving high-risk jurisdictions (as per UAE FIU/FATF lists) |
|
Product/Service Risk |
Cross-border remittances, crypto, private banking, complex structures |
|
Channel Risk |
Non-face-to-face onboarding, third-party intermediaries |
|
Transaction Risk |
High-volume cash deposits, unusual fund movements, structured transfers |
AED (Cash)
Wire Transfer (AED)
Foreign Currency (USD/GBP/INR)
Virtual Assets (Crypto)
Gold/Jewelry/High-Value Assets
Real Estate Transactions
Cash deposits ≥ AED 55,000
Single transfer ≥ AED 100,000
Equivalent to AED 100,000
Any transaction involving VA or VASP
Purchase ≥ AED 55,000
≥ AED 55,000 in cash or 3rd-party cheques
Suspicious Transaction Report (STR) or Cash Transaction Report (CTR)
Electronic Fund Transfer (EFT) Reporting under GoAML
FX conversion or offshore movement triggers enhanced due diligence
Mandatory STR if source of funds is unclear or P2P wallets involved
KYC + STR required under MOF DNFBP guidelines
Mandatory disclosure to FIU through GoAML portal
*Note: All thresholds are subject to change based on UAE Central Bank, FIU, and Ministry of Economy notifications. Always apply risk-based assessment beyond monetary limits.
We offer end-to-end AML advisory, implementation, and support services tailored to meet regulatory requirements and industry-specific risk profiles. Our team works closely with clients to build proactive compliance structures that withstand audits and inspections.
Risk-based AML/CFT program design
Drafting AML policy, SOPs, and escalation protocols
Regulatory alignment (CBUAE, MOF, DFSA, etc.)
Customer onboarding procedures
Beneficial ownership identification
Risk profiling of clients and counterparties
Support with registration on UAE FIU GoAML platform
STR/SAR filing process design
Documentation and reporting formats
AML training workshops for employees and management
Role-specific training for compliance teams and MLROs
Sector-focused AML simulation cases
Arabic/English workshops for compliance officers
CBUAE-approved e-learning modules
Gap assessments against legal requirements
Risk control matrix development
Internal review reporting and audit preparedness
Your Trusted AML Compliance Partner in UAE
ASC Group is committed to building integrity-driven businesses. We ensure our clients remain compliant, resilient, and audit-ready — while minimizing operational disruption and reputational risk.
Tailored AML Compliance Solutions Across UAE Regulatory Frameworks with ASC Group: GoAML, CBUAE, MOF & DNFBP-Aligned Advisory for Financial & Non-Financial Entities
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