With hefty fines and increased enforcement through inspections, businesses without clearly defined Anti-Money Laundering policies, procedures, and controls face both financial and reputational risks. Well-crafted documentation acts as both a shield during audits and a blueprint for staff to follow in day-to-day operations. Whether you’re a financial institution or a DNFBP operating in a free zone or mainland UAE, understanding the importance of AML/CFT documentation is essential not just for compliance -but for business continuity and trust.
https://www.tumblr.com/auditacinternational/788491062126723072/importance-of-amlcft-policy-documentation-in?source=share