KYC and CDD Services
KYC And CDD Services
AML UAE provide managed KYC and CDD Services to help you remain compliant with AML regulatory requirements and save costs.
DNFBPS and FIs in UAE find it difficult to recruit skilled AML professionals to carry out their KYC and Customer Due Diligence (CDD) . Further, internal inefficiencies render the entire compliance function ineffective. The cost of non-compliance starts with a fine of AED 50,000/-.
The managed KYC and Customer Due Diligence Services help reduce the overall cost of compliance by enabling businesses to focus on their core business activities. By leveraging our managed KYC and Customer Due Diligence Servies, DNFBPS and Financial Institutions can:
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KYC and CDD Managed Service Methodology
Issuance of Customer Onboarding Kit
Data Acquisition on secured and shared cloud-based repository
Data Processing by qualified AML consultants
Client communication for deficiency in data
Name Screening, Due Diligence, Enhanced Due Diligence
Risk Assessment
Data Review by QC team
Remedial Measures (SAR/STR/FFR/PNMR/Client Rejection)
Customer Onboarding Completion
Knowledge. Expertise. Teamwork
Ready to transform your compliance, client onboarding & monitoring processes?
Managed KYC and CDD Services
- Customer identification program (CIP)
- Customer due diligence (CDD)
- Ultimate Beneficial Owner Identification
- Enhanced due diligence (EDD)
- Risk assessment and customer risk rating (CRR)
- Sanctions screening (UAE Local Terrorist List, UNSC, OFAC, EU, etc.)
- Politically exposed person screening
- Adverse media screening
- KYC remediation and renewals
- Alert investigations
- Customizable due diligence reports
- Data auditing, cleansing, and validation
Timely. Relevant. Innovative.
Reduce the cost of AML Compliance. Go for our managed KYC and CDD Services.
Key Differentiators
Process Efficiency:We use the international standard KYC and CDD processes which enhance compliance and efficiency and reduce the non-compliance risk.
Improved Customer Experience:We provide a consistent and improved customer experience when it comes to customer onboarding. We leverage the power of automation and ensure a quick and hassle-free onboarding.
Experience:We possess significant experience in providing managed KYC and CDD Services for DPMS, TCSP, Accountants, Auditors, Real Estate Agents, Lawyers, and Notaries.
Knowledge:AML UAE possesses premium know-how in KYC, Screening, Standard Due Diligence, Enhanced Due Diligence, Risk Assessment, PEPs, UBO, Adverse Media Screening, Sanctions, and overall AML Compliance requirements.
High-quality Service:We are committed to providing a high-quality service with significant cost savings.
Screening Software:We use state-of-the-art Name Screening Software to check with the UAE local terrorist list, UNSC list, and other sanctions lists as per the customer requirement.
Minimize Operational Risks:Leverage a standardized work methodology to manage and exchange KYC and CDD information.
