What are the methods of AML?

UAE
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What are the methods of AML?

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Anti-money laundering methods seek to detect, prevent and combat the crimes of money laundering (ML), terrorism financing (TF) and proliferation financing (PF). AML methods include processes such as:

  • Enterprise-Wide Risks Assessment to assess the ML, TF and PF risk exposure of the business regulated under AML laws of a country
  • Customer Due Diligence to identify the customer, verify their identity, conduct Customer Risk Assessments and adopt AML measures accordingly
  • Transactions Monitoring to detect suspicious transactions and activities

And many more! To understand AML methods in detail, check out our video on AML compliance requirements in the UAE here: