Sanctions screening regulatory requirements in UAE

Sanctions Screening is one of the essential elements of the AML Compliance Framework to restrict businesses from transacting with the individuals or entities banned by the UAE Government (Local Terrorist List) or the United Nations (UN Consolidated List).

Screening is done basis parameters like name, nationality, etc. In case of a match is found, the businesses are obligated to perform specific actions and report the sanctioned person with the FIU within the prescribed time limit. The present infographic provides insights into the type of matches and the business’s to-do in such cases.

AML UAE is here to assist you in complying with the sanctions requirements in the UAE. Use the patented technology-powered screening software – Castellum.AI, enriched with country-specific and international sanctions and 1,000+ watchlists. As the AML software updates the sanctions database every 5 minutes, stay on top of the sanctions compliance and safeguard your business against being vulnerable in the hands of such sanctions individuals, entities, or groups.