Category: AML Compliance & Regulatory Advisory
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If your UAE business needs dependable PEP and watchlist screening, the challenge is not just finding a matching name in a database. You need a process that reflects UAE sanctions obligations, separates PEP due diligence from targeted financial sanctions, and gives your team a clear path from alert to documented action. Tareq Badarin is a…
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If your business needs an enterprise-wide risk assessment in the UAE, you are not looking for a generic AML memo. You need a documented, tailored assessment that reflects your actual customers, services, delivery channels, geographies, and control environment. Tareq Badarin provides Dubai-based AML compliance advisory for businesses that need that level of clarity. Tareq Badarin…
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In the current regulatory climate, treating your compliance protocol as a static checkbox is no longer just a deficiency; it’s a direct invitation…
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Could a single oversight justify a AED 20 million fine and personal liability for your leadership? In June 2026, the CBUAE proved that it could,…
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On June 24, 2026, the Central Bank of the UAE imposed an AED 20 million fine on a single foreign branch while simultaneously holding the individual…
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The UAE’s New Era of Financial Integrity: Understanding Federal Decree-Law No. 10 of 2025 The landscape of financial regulation in the UAE has just undergone a seismic shift. In late 2025, the UAE government enacted Federal Decree-Law No. 10 of 2025, repealing the long-standing 2018 AML Law. This isn’t just a “patch” or a minor…
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goAML in the UAE: Your Mandatory Portal for Financial Crime Reporting If your business operates as a Financial Institution (FI) or a Designated Non-Financial Business and Profession (DNFBP) in the United Arab Emirates, the term goAML is not just an IT requirement—it is a critical legal obligation. As the UAE has aggressively strengthened its anti-money…
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Who Are the DNFBPs? The “Gatekeepers” of the UAE Financial System In the world of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT), the term DNFBP stands for Designated Non-Financial Businesses and Professions. While banks and insurance companies have been regulated for decades, the Financial Action Task Force (FATF) identified that criminals often use “non-financial” sectors…
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UAE and FATF 2026: Navigating the New Era of Financial Integrity and Federal Law No. 10 The relationship between the Financial Action Task Force (FATF) and the United Arab Emirates (UAE) has evolved from one of intense scrutiny to a strategic partnership. Following the UAE’s landmark exit from the FATF “Grey List” in early 2024,…
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Kuwait’s FATF Grey-Listing in 2026: A Wake-Up Call for UAE Compliance and Due Diligence As of February 13, 2026, the Financial Action Task Force (FATF) officially added Kuwait to its “Jurisdictions under Increased Monitoring,” commonly known as the Grey List. This development marks a significant shift in the GCC financial landscape, particularly as the UAE—having…