AURA Business Services |

AURA Business Servics Logo | Best solutions for your business in Dubai

Anti-Money Laundering (AML)

Aura Vision Advisors boasts one of the most extensive and well-established financial crime teams, ensuring our ability to develop and implement efficient, comprehensive, and standardized Anti-Money Laundering (AML) services and sanction initiatives for our global clientele. Our dependable compliance function assists in identifying and preventing fraud, safeguarding your business reputation.

Anti-Money Laundering (AML) encompasses a set of laws, regulations, and practices designed to thwart and detect the illicit process of disguising the origins of funds acquired through criminal activities as legitimate income. Money laundering entails making unlawfully obtained funds appear legal by funneling them through a convoluted series of transactions or activities, rendering it challenging to trace the original source of the funds.

Key Regulations:

– Federal Law No. 20 of 2018: Anti-money laundering and combating the financing of terrorism and illegal organizations

– Cabinet Decision No. (10) of 2019: Implementing regulation of decree law no. (20) of 2018 on anti-money laundering and combating the financing of terrorism and illegal organizations

– Guidelines for Designated Non-Financial Businesses and Professions on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations

Key Benefits Offered by Aura Vision Advisors:

– AML/CFT Framework, including policies and procedures

– KYC Forms and Internal reporting forms

– Risk Assessment Matrix

– AML CFT Training

– Monthly/Periodic AML Compliance Review Report

Partnering with Aura Vision Advisors ensures robust AML compliance measures tailored to your business needs, providing peace of mind and ensuring regulatory adherence.