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COMPLIANCE AND AML POLICY BRIEF

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COMPLIANCE AND AML POLICY BRIEF

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000392
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This policy sets guidelines to the company's commitment to preventing money laundering, terrorist financing and sanction avoidance. It explains clearly and simply the compliance obligations of all employees and it promotes a culture of compliance in the way employees carry out their work.

Description

This policy contains the following sections :

1. Policy Statement

2. Policy Objectives

3. Laws & Regulations

4. Investigatory Powers and Criminal Enforcement

5. What is Money Laundering

6. Defences

7. Resolutions and Sanctions

8. The Company’s Obligations

9. Customer and Business Partner Due Diligence

10. Know Your Customer (KYC)

11. Identity

12. Source of Wealth / Source of Funds

13. Indicators of Suspicious Activity

14. Sanctions

15. Concerns and Investigations

16. Communication

Jurisdiction

This agreement is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.