Overview

The United Arab Emirates (UAE) contributes to global anti money laundering efforts and combating financing of terrorism (AML/CFT) and strives to fully implement the standards set by the International Financial Action Task Force (FATF). Money laundering is defined as any financial or banking transaction aimed at concealing or changing the identity of illegally obtained funds by passing them through the financial and banking system in order to make them appear as originating from legitimate sources, and then re-pumping and investing them in a legal manner contrary to their real nature.

Legislation, Rules and Regulations

• Ministerial Decree No. (68) of 2024 Regarding Gold Refineries’ adherence to the Policy of Due Diligence Regulations for Responsible Souring of Gold. READ MORE
• Federal Decree Law No (26) of 2021 to amend certain provisions of Federal Decree Law No (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. READ MORE
• Federal Decree by Law No. (20) of 2018 on Anti Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. READ MORE
• Cabinet Decision No. (10) of 2019 Concerning the implementing regulation of decree law no. (20) of 2018 on anti- money laundering and combating the financing of terrorism and illegal organizations. READ MORE
• Cabinet Decision No (109) of 2023 regarding regulating the procedures of the beneficial owner. READ MORE
• Cabinet Decision No (132) of 2023 regarding the administrative penalties imposed on violators. READ MORE
• Cabinet Resolution No (24) of 2022 Amending some provisions of Cabinet Resolution No (10) of 2019 On the Executive Regulations Of Federal Decree-Law No (20) of 2018 on Combating Money Laundering and the Financing of Terrorism and Illegal Organizations. READ MORE
• Cabinet Resolution No (74) of 2020 regarding the Terrorism Lists Regulation and Implementation of UN Security Council Resolutions on the Suppression and Combatting of Terrorism, Terrorist Financing, Countering the Proliferation of Weapons of Mass Destruction and its Financing, and Relevant Resolutions. READ MORE

DNFBPs Guidance

Guidance available for the Designated Non-Financial Businesses and Professions (Auditors, Dealers in Precious Metals and Stones, Real Estate, Trust and Company Service Providers) on Ministry of Economy portal KNOW MORE

• Guidelines for Designated Non-Financial Businesses and Professions KNOW MORE
• Supplemental Guidance for Auditors KNOW MORE
• Supplemental Guidance for Dealers in Precious Metals and Stones KNOW MORE
• Supplemental Guidance for the Real Estate Sector KNOW MORE
• Supplemental Guidance for Trust and Company Service Providers KNOW MORE

Useful links

• Registration on GoAML. KNOW MORE
• Targeted Financial Sanctions Guide. KNOW MORE
• Ultimate Beneficial Owner. KNOW MORE, SUBMIT
• Ministry of Economy Circulars and Informative Videos. KNOW MORE

Contact us

Please send any questions you may have on the following email: [email protected]