Identity Verification
Confirming the identity of clients, beneficial owners and, where applicable, authorized signatories before an engagement begins.
AML POLICY
Anti-Money Laundering & Counter-Terrorist Financing Policy
Our approach to preventing money laundering and terrorist financing across every client engagement, in line with UAE AML/CFT law.
INFORMATION FIRSTRisk-based due diligence on every client, before and during an engagement.REGULATORY CONTEXT
Why This Policy Exists
Auditors and accountants are classified as Designated Non-Financial Businesses and Professions (DNFBPs) under UAE Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism, and its Implementing Regulation (Cabinet Decision No. (10) of 2019), both as amended. As a firm providing audit, accounting, tax and advisory services in the UAE, Finance Audit Advisory maintains AML/CFT policies and procedures consistent with these obligations.
CLIENT DUE DILIGENCE
Know Your Client, before and during Engagement
Risk Assessment
Assessing client, geographic and service-related risk factors using a risk-based approach, with enhanced due diligence for higher-risk relationships.
Ongoing Monitoring
Reviewing client relationships and transactions on an ongoing basis for consistency with the client's stated business and risk profile.
Source of Funds
Seeking reasonable evidence of the source of funds or wealth where the nature or size of an engagement warrants it.
REPORTING & RECORD-KEEPING
Our Compliance Commitments
Suspicious activity is escalated internally and, where required, reported to the UAE Financial Intelligence Unit through the goAML platformClient due diligence records and transaction records are retained for at least the period required by UAE lawStaff receive periodic AML/CFT awareness training appropriate to their roleA designated compliance function oversees AML/CFT policy, screening and reportingWe will not act for a client, or continue an engagement, where money-laundering or terrorist-financing risk cannot be adequately managed
TRANSPARENCY NOTICE
What Remains to Be Published
The name and contact details of our designated Compliance/MLRO (Money Laundering Reporting Officer), and our DNFBP registration reference, will be added here once confirmed for publication. This policy describes our standing procedures and does not itself constitute legal or regulatory advice.
ALSO SEE
Other Policies
BEGIN WITH KNOWLEDGE AND CLARITY