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AML compliance

Anti-money laundering compliance services in Dubai

Worried about financial crime risks, or need help with the UAE's strict anti-money laundering laws? ACL Tax Consultants builds AML compliance that operates in practice, helping protect your business from penalties, legal issues and reputational damage.

✓Risk-based approach✓Policies built for your business✓Serving the UAE since 2017
A compliance adviser reviewing business documents
500+
Businesses served
Across the UAE since 2017
2017
Serving the UAE since
Based in Al Garhoud, Dubai
9+
Years experience
Industry expertise in Dubai
4.8
Rated on Google
See our Google reviews
A consultant working with a business team

Understanding anti-money laundering in simple terms

Anti-money laundering means the rules and procedures that stop criminals hiding illegal money through businesses. AML compliance helps your company identify suspicious transactions, verify customers and report concerns to UAE authorities.

Think of it as a security system for your business finances. Just as you lock your office to prevent theft, AML procedures help stop your business being used to hide criminal money.

Why it matters:
  • It is a legal obligation for businesses in scope
  • Non-compliance can bring substantial penalties
  • It can affect your licence
  • It builds trust with banks, customers and partners
  • It helps prevent criminal misuse of your business

AML services in Dubai from ACL Tax Consultants

We build the framework, help you operate it and keep it current. It is not a one-off exercise.

01.
AML Risk Assessment & Profiling

We assess how likely it is that criminals could use your business, across customer, geographic, product and service, transaction and delivery channel risk.

What you get
  • Documented risk profile
  • Mitigation strategies
  • Better-focused compliance effort
02.
AML Policies & Procedures

A manual written around your business: customer due diligence, transaction monitoring, record keeping, reporting and staff responsibilities.

What you get
  • Tailored to your risks
  • Easy for staff to follow
  • Clear escalation routes
03.
KYC & Customer Due Diligence

Identity and business verification, source of funds checks, UBO identification, PEP, sanctions and adverse media screening, plus enhanced and ongoing due diligence.

What you get
  • Standard and enhanced checks
  • UBO records
  • Periodic risk reviews
04.
Transaction Monitoring

We help you set monitoring rules, review flagged transactions against customer profiles, investigate anomalies and document your decisions.

What you get
  • Red flags reviewed
  • Documented decisions
  • Clear audit trail
05.
Reporting & Record Keeping

Knowing when to file a suspicious transaction report, using the goAML portal, who approves reports internally, and retaining evidence for the required period.

What you get
  • Clear STR procedures
  • goAML guidance
  • Organised records
06.
AML Audit & Health Check

An independent review of your programme: a comprehensive audit, a quick health check of critical areas, or a pre-regulatory inspection review.

What you get
  • Gaps identified
  • Issues rated by risk
  • Prioritised recommendations

What AML compliance requires

A written policy alone is not enough. Procedures have to be applied and evidenced.

A documented risk assessment, specific to your business
Customer due diligence, with evidence
Ultimate beneficial owner (UBO) identification and records
Suspicious transaction reporting through the correct channel
Record keeping for the required period
Staff training, so people recognise red flags
A clear compliance officer role and escalation route
Active oversight from senior management

Why regular AML reviews matter

It is a legal obligation

Businesses within scope are required to comply, and compliance is supervised.

Penalties are significant

Non-compliance carries substantial financial penalties and can affect your licence.

Banks expect it

Weak AML procedures are a common reason for banking relationships becoming difficult.

It protects the business

AML controls exist to stop your business being used to move criminal proceeds.

Find issues first

A regular review helps you identify and address gaps before a regulator's inspection.

Continuous improvement

Reviews help you keep up with regulatory change, and show stakeholders your commitment to compliance.

How we work

How our AML compliance process works

Step-01
Consultation

Tell us about your business and concerns. We confirm whether you are in scope and what compliance requires.

Step-02
Risk assessment

We analyse your business, customers, geography, products and transactions, then document your risk profile.

Step-03
Build the framework

We develop tailored policies and procedures, due diligence steps, monitoring and reporting routes.

Step-04
Keep it current

We support training and periodic reviews, so your compliance programme keeps operating as you change.

Who needs AML compliance support?

Designated Non-Financial Businesses and Professions

DNFBPs are within the UAE's AML framework. Whether you are in scope depends on your licensed activity, and we can confirm.

Financial institutions

AML obligations also apply to financial institutions.

Businesses preparing for an inspection

We simulate a regulator's review, identify likely findings and help you prepare.

Businesses with high-risk customers

Examples include politically exposed persons, complex corporate structures, cash-intensive businesses and non-face-to-face customers.

Businesses after major changes

New activities, markets or customer types are good reasons to review your framework.

Businesses unsure where they stand

Tell us your licensed activity and we will tell you whether you are in scope and what is required.

A business professional in an office setting

Common AML mistakes Dubai businesses make

What we find most often, and how we help you fix it.

We treat AML as a tick-box exercise
How we fix it

We help you create a working programme with controls that are applied and evidenced, not just documents on file.

We copied our policy from another company
How we fix it

We develop customised policies based on your business model, customers and risks.

Staff were trained once, when they joined
How we fix it

We recommend regular training, at least annually, with real examples and scenario testing.

Our KYC files and records are incomplete
How we fix it

We help set up systematic document management, with secure and accessible records kept for the required period.

We check customers at onboarding, then stop
How we fix it

We help you monitor transactions, review alerts and put clear STR procedures in place with compliance officer oversight.

All customers get the same checks
How we fix it

We set up a risk-based approach, with enhanced due diligence for high-risk relationships and active management oversight.

Frequently asked questions

AML compliance in the UAE, answered.

What is AML compliance?

Having systems that help prevent criminals hiding illegal money through your business, including customer checks, monitoring, reporting, record keeping and training.

Which law applies in the UAE?

The UAE's federal anti-money laundering and counter-terrorist financing legislation, together with its implementing regulations and your supervisor's guidance. We work with you on the rules currently in force.

Does AML apply to my business?

It applies to financial institutions and to Designated Non-Financial Businesses and Professions. Whether you are in scope depends on your activity, and we can confirm.

What is a UBO?

The ultimate beneficial owner: the natural person who ultimately owns or controls the entity. Identifying and recording this is a core requirement.

Is a written policy enough?

No. A policy that is not operating will not protect you in an inspection. The procedures have to be applied and evidenced.

What happens if we do not comply?

You could face substantial financial penalties, with possible consequences for your licence and banking relationships. Serious failures, such as not reporting suspicious activity, can bring criminal liability.

What is included in an AML risk assessment?

An analysis of your business model, customer, geographic, product and service, and transaction risks, compliance gaps, and a report with mitigation recommendations.

When is enhanced due diligence needed?

Usually for higher-risk relationships, such as politically exposed persons, customers from high-risk countries, complex structures, cash-intensive businesses or unusual transaction patterns.

What do regulators check during AML inspections?

Typically policies, risk assessments, KYC files, monitoring records, suspicious transaction reports, training records, compliance officer appointment, management oversight, board minutes and audit reports.

How often should we have an AML audit?

As a guide, every 6 months for high-risk businesses, annually for medium-risk and every 2 years for low-risk, with a review after major changes.

What our Dubai clients say

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About ACL Tax Consultants

Since 2017, ACL Tax Consultants has supported more than 500 businesses across the UAE with accounting, audit, VAT and corporate tax services — from one team, at fixed fees agreed upfront.

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Not sure whether AML applies to you?

Tell us your licensed activity and we will tell you whether you are in scope and what compliance actually requires. A consultation helps you:

Understand your AML compliance requirements
Get an assessment of your current situation
Receive tailored recommendations

Book your free AML consultation today.

Book your free consultation WhatsApp us or call +971 58 522 7031