Anti Money Laundering

Course Overview

In an era of increasing global financial scrutiny, understanding the complexities of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is essential for compliance professionals. This comprehensive course provides an in-depth exploration of the United Arab Emirates’ (UAE) evolving AML architecture, offering participants the tools to navigate the nation’s strategic reforms and its journey regarding the FATF Grey List.

What You Will Learn

Participants will begin by analyzing the fundamental stages of money laundering—placement, layering, and integration—and the specific predicate crimes that drive illicit financial activity, such as narcotics trafficking, fraud, and virtual asset offenses. The curriculum provides a detailed examination of the legal hierarchy, specifically focusing on the landmark Federal Decree-Law No. 10 of 2025, which replaces previous legislation to introduce stricter penalties and expanded oversight.

The course dives deep into the institutional framework, covering the roles of the National AML/CFT Committee (NAMLCFTC), the Financial Intelligence Unit (FIU), and the Executive Office for Control and Non-Proliferation (EOCN). Students will also compare the unique supervisory landscapes of the UAE’s financial free zones, such as the DIFC and ADGM, against mainland regulations.

Key Focus Areas

Risk-Based Approach: Evaluating customer, product, channel, and geographic risks.

Compliance Obligations: Master the requirements for Customer Due Diligence (CDD), Ultimate Beneficial Ownership (UBO) filing, and mandatory record-keeping.

Suspicious Activity Reporting: Learn the technical nuances of filing STRs and SARs via the goAML platform.

Targeted Financial Sanctions: Understand the four-step framework—Register, Screen, Implement, and Report—to ensure compliance with UAE Local and UNSC lists.