updating AML policies in line with new National Risk Assessment
and Sectoral Risk Assessment reports from the UAE Ministry of Economy (as they come out, usually once a year)

In support of the United Arab Emirates Government's efforts to improve transparency in the business environment in the area of anti-money laundering (AML) and countering the financing of terrorism (CFT), and recognizing the high level of responsibility and significant penalties involved, we have decided to add AML support services to our comprehensive list of business support services for our clients.

We are ready to offer the following list of services for companies subject to AML regulation:

5.

Presence and support during AML MoE UAE field inspections

4.

Submission of STR (Suspicious Transaction Report), SAR (Suspicious Activity Report), Name Match and Partial Name Match reports on the GoAml portal (any cash transaction over AED 55,000 requires such submission, as well as transactions that are atypical for the client's profile)

• Coordination with top management
• Preparation and submission of reports
• Responses to FIU (Financial Intelligence Unit) MoE UAE inquiries regarding submitted reports

3.

Screening customers/suppliers for inclusion in UN, EU, US, USA lists

• Initial screening of customers/suppliers
• Assisting customers in gathering documents to verify UBO (Ultimate Beneficial Owner)
• Repeated screening of customers/suppliers as list updates become available

2.

Conducting transactional activities for customers and suppliers:

• Assessing transaction risks
• Creating a Risk Assessment Form for each customer/supplier
• Assisting in completing KYC (Know Your Customer), CDD (Customer Due Diligence), and EDD (Enhanced Due Diligence) files. The customer collects data from their customers.

1.

Regular checks of the GoAML portal, responses to requests regarding the AML/CFT Survey, Annual AML/CFT Survey