Heading
Heading
Heading
Heading
Heading
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Anti-Money Laundering Policy
Premier Properties: AML Policy
Premier Properties is committed to complying with all applicable laws and regulations regarding anti-money laundering (AML) and combating the financing of terrorism (CFT). This AML Policy outlines our procedures to prevent, detect, and report any suspicious activity that may be associated with money laundering or terrorist financing.
The objectives of this AML Policy are to:
- Ensure compliance with all relevant AML/CFT laws and regulations.
- Implement effective internal controls and procedures to detect and prevent money laundering and terrorist financing.
- Train and educate our employees on AML/CFT regulations and procedures. Report any suspicious activities to the appropriate authorities.
Our AML Policy is designed to comply with the United Arab Emirates (UAE) Federal Laws, including:
- Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations.
- Cabinet Decision No. (10) of 2019 Concerning the Implementing Regulation of Decree Law No. (20) of 2018.
- Guidelines issued by the UAE Central Bank and other relevant regulatory authorities.
We implement a robust CDD process to verify the identity of our clients and ensure the legitimacy of their funds. This includes:
- Identifying and verifying the identity of our clients using reliable, independent source documents, data, or information.
- Understanding and, as appropriate, obtaining information on the purpose and intended nature of the business relationship.
- Conducting ongoing monitoring of the business relationship to ensure that transactions are consistent with our knowledge of the client and their business and risk profile.
We maintain comprehensive records of all transactions and client information for a minimum period as required by law. This includes:
- Copies of all documents used for client identification and verification.
- Transaction records that are sufficient to reconstruct individual transactions.
- Records of all AML-related training provided to employees.
We have established procedures for identifying and reporting suspicious activities to the appropriate authorities. This includes:
- Monitoring transactions for unusual or suspicious patterns.
- Reporting any suspicious transactions to the UAE Financial Intelligence Unit (FIU) in accordance with regulatory requirements.
- Cooperating fully with any investigations conducted by regulatory authorities.
We provide ongoing training to our employees to ensure they are aware of their AML/CFT obligations and can identify and report suspicious activities. This training includes:
- The importance of AML/CFT compliance.
- How to identify and report suspicious activities.
- Updates on regulatory changes and new AML/CFT risks.
We have implemented internal controls and audit procedures to ensure the effectiveness of our AML/CFT measures. This includes:
- Regular audits of our AML/CFT compliance program.
- Reviewing and updating our internal controls and procedures as needed.
- Ensuring that senior management is involved in and supports our AML/CFT efforts.
Premier Properties is committed to maintaining the highest standards of AML/CFT compliance. We will continue to review and enhance our AML/CFT policies and procedures to ensure we remain compliant with all relevant laws and regulations.
For any questions or concerns regarding our AML Policy, please contact our compliance team at:
Premier Properties
Dubai, United Arab Emirates
Phone: +971 45801655
Email: info@premierproperties.ae
Thank you for your cooperation in helping us maintain a secure and compliant business environment.
