BridgePoint is committed to enhancing the compliance of companies operating in the United Arab Emirates with all necessary anti-money laundering measures and preventing the financing of terrorism by effectively implementing the relevant laws and regulations. Failure to implement and maintain the changing requirements can lead to penalties and legal consequences.

Per the UAE Anti-Money Laundering (AML) Law, Financial Institutions and Designated Non-Financial Business Professionals (DNFBPs) are required to appoint a AML Compliance Officer who will be responsible for compliance with the implementation of Federal Decree-law No. (20) of 2018 On Anti Money Laundering and Combating The Financing Of Terrorism, and Article (11) Cabinet Decision No. (58) of 2020 Regulating the Beneficiary Owner Procedure and the various guidelines, circulars, notices, and standards issued from time to time.

At BridgePoint, we provide range of AML/CFT services to ensure our client’s protection and compliance:

• Providing mandatory AML Compliance Officer for Financial and Designated Non-Financial institutes.
• Conducting AML/CFT awareness program for staff.
• Registration with relevant AML portals.
• Drafting and updating AML/CFT company policies and procedures.
• Drafting Know Your Customer and Know Your Transaction documentations.
• Inspection and guidance for existing AML policies and procedures.
• Drafting Anti-Bribery and Anti-Corruption policies.
• Reviewing customer risk assessment methods.
• Periodic review of onboarding documentation and transactions.
• Implementing appropriate AML/CFT software.
• Assistance in conducting Enhanced Due Diligence for high-risk customers
• Assistance in customer screening.