How to be Protected from Bank Fraud and Procedures to File a Complaint?

The UAE continuously tightens its rules and regulations concerning anti-money laundering (AML) and Counter-Terrorism Financing (CTF). It is constantly committed to its goal and vision to establish itself as the global centre for international businesses and commits to the highest standards possible in all streams. UAE aims to continuously improve the government operations in a comprehensive institutional manner and implement it to effectively counter the risks associated with money laundering & terrorism financing and that of illegal organizations developing in the region. 

In this article, we will discuss some of the recent changes in AML and CTF measures in the UAE.


New Guidelines from UAE Central BankA critical part of UAE Central Bank is to ensure that all licensed financial institutions have a deep comprehension of their role in mitigating and addressing the risk of illicit activities in the UAE’s financial system


Stringent Legal Measures:


The National Strategy to AML/CFT thus reflects the unrelenting commitment of UAE in its mission to ensure that it will not be viewed as a country in which criminals can carry out operations in money laundering or terrorism financing, nor can they route or transfer any proceedings that have originated through any criminal activity.


After qualifying as a lawyer by profession, and after years of successful practice within the field of criminal and public law, Dr. Elhais moved to Dubai in 2006, where he has continued to build his business as a legal advisor. Dr. Elhais has made it his goal to make Al Rowaad Advocates one of the best law firms in the UAE. Working exclusively with Al Rowaad Advocates & Legal Consultancy, Dr. Elhais is an effective leader of the company, It's spokesperson, and driving force. He has a strong ethical stance with regards to the place of the law firm, from clarity on the legal processes through to the fee system. Website: https://www.professionallawyer.me/
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