Anti Money Laundering (AML) compliance services help businesses uncover suspicious activity associated with criminal acts, including money laundering and terrorist financing. Businesses are facing intense pressure from increasing regulation and investigations by international and local authorities, prompting extensive reviews, audits and litigation.

Whether dealing with an urgent issue or addressing compliance more broadly, organizations need to have comprehensive programs in place to address their risks of non-compliance with local and international laws, rules and regulations and internal company policies and procedures.

BMS Auditing has assessed AML and combating the financing of terrorism (CFT) procedures in the UAE. Our team combines local and international experience and knowledge and comprises a group of professionals who possess a unique combination of skills and competences pertinent to AML, CFT, sanctions and compliance. Whether assisting a financial institution proactively seeking to improve its program or reactively responding to a regulatory order, we provide assistance to address many areas of AML/CFT program improvement sought by the financial community in today’s marketplace.

AML Compliance

BMS is providing Anti-Money Laundering (AML) compliance services in UAE with a specific focus on the UAE market. We are dedicated to improving the compliance of businesses in UAE with all the relevant anti-money laundering consulting and combating the financing of terrorism by proper enforcement of rules and regulations. You get total peace of mind when you know your anti-money laundering compliance is handled by BMS Auditing. We take away your AML compliance burden with our AML consulting services to help you focus on your business.

Looking for AML Compliance Services?

Our anti-money laundering (AML) monitoring and investigations services in UAE help deliver meaningful, data-driven insights and skilled resources to identify suspicious financial activity more quickly and accurately, reduce the quantity of false positives, and improve the efficiency of your AML processes.

Our range of services includes:

AML Policy and Procedures

        • Designing, Reviewing, updating AML / CFT Policy and Procedures
        • Drafting of AML/CFT Policy and Procedures manual
        • Review and updation of existing AML /CFT Policy and Procedures
        • Drafting of Anti-Bribery and Anti-corruption Policy

Risk Assessment and Risk Profiling

        • Review of customer risk assessment methodology
        • Assisting in the development of customer risk assessment model considering NRA guidelines
        • Assisting in preparation of Risk Register - Risk identification and mitigation

AML/CFT Health Check

        • Gap Assessment
        • Periodic review of onboarding documentation and transactions

AML IT Systems

        • Assistance in the selection of appropriate AML/CFT software
        • Conduct software demos
        • Review of existing core solutions, risk profiling, screening, and monitoring software solutions

Compliance Assistance

        • Assistance in registration on the GoAML Portal
        • Guidance to AML Compliance Officer for performing his day to day function
        • Assistance in conducting ED for High-risk customers
        • Assistance in preparation of statutory reports
        • Assistance in Screening of customers and counterparty
        • Conducting Audits/reviews as per statutory requirements
        • Assistance in preparation of documentation standards

 

Our auditing firm produces outstanding and distinctive audit reports, and we provide a wide range of professional auditing and accounting services to meet the needs of various business clients, including:

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