Webinar

The AML and KYC regimes in the UAE are rapidly evolving and the regulatory environment has significantly toughened, making risk assessment and ensuring compliance with the region's regulations a crucial aspect for any entity competing in this dynamic business landscape. Due to the UAE Government's pursuit of achieving FATF status, a rigorous examination of the entire financial services sector has taken place, leading to the introduction of a range of new regulations.

A solid understanding of the key elements in the onboarding process, embracing technology and third-party assessments, and also, mastering the best AML practices are vital aspects of any organisation's success.

Organisers

• Middle East & Africa Compliance Association (MEACA)
• The Ascent Group
• Cedar Rose
• Abler Group
• KYC Executive Search

Agenda

• The key elements in the onboarding process including the required documentation, risk assessment, sanctions, adverse news screening, monitoring of clients and KYC documents.
• The significance of the proof of address documentation requirement in the UAE.
• The role of technology in automating risk assessments and ensuring compliance with AML and KYC regulations in the UAE, third-party risk assessments to mitigate risks, and how AML & KYC data management can be conducted in line with the requirements in the UAE.
• The best AML practices, the rise in enforcement actions by regulators, how compliance assessment/audit can help in assessing compliance, and why AML training is important.