KYC/AML Policy Development
ADGM-Compliant KYC/AML Policy Development Services
Regulatory Benefits of KYC/AML Policy Development in Abu Dhabi
- Meet your legal obligations under ADGM Rulebook and Federal Law No. 20 of 2018
- Prevent financial crime and reputational damage
- Maintain smooth relationships with regulators, banks, and investors
- Prepare for audits, inspections, and annual AML returns
What a Good KYC/AML Policy in Abu Dhabi Should Include
- Identity verification of individuals and entities
- Screening for Politically Exposed Persons (PEPs)
- Beneficial ownership identification
- Ongoing monitoring and KYC refresh cycles
- Identification of business-specific ML/TF risks
- Categorization of clients and transactions by risk level
- Controls adapted to high-risk jurisdictions or sectors
- Daily checks against UAE, UN, OFAC, and EU sanctions lists
- Automated or manual screening processes based on risk exposure
- Clear process for identifying and reporting suspicious activity via goAML portal
- Documentation of internal escalation and decision-making
- Appointment of an MLRO approved by ADGM FSRA
- Defined roles and responsibilities for compliance oversight
- Backup and continuity planning for MLRO absence
- Annual AML training for employees
- Records of training sessions and assessments
- Scenario-based workshops for key personnel
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How We Help with KYC/AML Policy Development in Abu Dhabi
- Business Risk Assessments (BRA) and Gap Analysis
- Custom KYC/AML/CFT Policy Creation
- MLRO role advisory and documentation support
- CDD/EDD process design and client risk matrices
- Suspicious Transaction reporting protocols
- Internal controls and staff escalation frameworks
- AML training manuals and annual calendars
- Filing of AML Annual Returns and goAML registration
- Periodic policy reviews and update logs
Sectors That Require KYC/AML Policy Development in ADGM
- ADGM-registered firms (accountants, legal consultants, fund managers, VASP)
- Corporate service providers in Abu Dhabi
- Real estate companies and brokers
- Auditing and bookkeeping firms
- Law firms and notaries
- E-commerce and digital asset businesses
Start Your KYC/AML Policy Development Journey with Elevate
Get in touch today and we’ll help you build a policy that protects your business and satisfies the regulator, step by step.
Frequently Asked Questions
Find answers to common questions about KYC & AML Policy Development.
A KYC and AML policy outlines the procedures a business follows to identify customers, assess risk, monitor business relationships, and comply with applicable anti-money laundering regulations. It forms the foundation of an effective AML compliance programme.
Businesses subject to AML regulations, including financial institutions and designated non-financial businesses and professions (DNFBPs), should have documented KYC and AML policies that align with applicable regulatory requirements.
A comprehensive policy typically covers customer due diligence (CDD), customer risk assessments, enhanced due diligence (EDD), sanctions screening, suspicious activity reporting, record keeping, and ongoing monitoring.
Every business faces different AML risks. A tailored policy helps address your organisation's specific products, services, customers, and risk profile while supporting regulatory compliance.
Elevate Accounting & Auditing helps businesses develop KYC and AML policies that align with ADGM and UAE AML requirements while reflecting their operational and regulatory needs.
