Creative City provides more than just a Free Zone Community. We are a one-of-a-kind ecosystem that prioritizes customer satisfaction by delivering efficient formation solutions in UAE.
DNFBPs include a variety of non-financial businesses and professions that engage in activities or transactions that are susceptible to being exploited for money laundering purposes. Under the UAE law, DNFBPs encompass sectors such as:
Auditors and accountants provide financial advisory, audit, and consultancy services. Their role often involves accessing sensitive financial data, giving them an opportunity to detect irregularities, such as attempts to launder money through corporate accounts. As part of their compliance duties, auditors and accountants must assess the legitimacy of their clients’ business activities and report any suspicious financial behavior.
According to the UAE Anti-Money Laundering Law (Federal Decree-Law No. 20 of 2018), DNFBPs are required to implement a range of compliance measures to prevent their businesses from being used for illicit activities. Key general requirements include:
By adhering to these requirements, DNFBPs in the UAE contribute significantly to the country's fight against money laundering and terrorist financing, safeguarding both their businesses and the wider financial system.
For more details and informations, please refer to the below links.
+971 600 511 555
WhatsApp
Refer & Earn
Channel Partner
