AML/CFT CLIENT SCREENING
Client Screening
Screening Against Applicable Sanctions Lists
Identification of PEPs, Family Members, and Close Associates
Adverse Media Screening Using Publicly Available Sources
Beneficial Ownership and Corporate Relationship Screening
Risk Assessment and Recommendations for Further Action
Who Needs This
Regulatory Framework · UAE
About Us
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AML/CFT Services
AML/CFT Documentation
Policies, procedures, risk assessments, forms, and internal guidelines tailored to the company’s activities.
goAML Registration
Registration of the reporting entity, access setup, and preparation of the responsible officer to work with the system.
AML/CFT Assessment and Reporting
Data collection, internal process review, and support with mandatory assessments and reporting.
Service Ecosystem
Accounting
Restoration of Accounting Records
tax & compliance
Corporate Tax & VAT Registration
Preparation and Filing of Tax Returns
Transfer Pricing & Benchmarking
Preparation for Tax Audits
TRC and International Agreements
F A Q
What Does Client Screening Include?
The screening may include client and beneficial owner identification, searches against sanctions and PEP databases, analysis of corporate relationships, and adverse media checks. The scope of the screening is determined by the level of risk and the nature of the client relationship.
What Is Included in Client Screening?
Screening is conducted before establishing a business relationship and updated throughout the course of cooperation. Repeat screening may be required if the client’s information changes, new parties become involved, sanctions lists are updated, or unusual activity is identified. Official guidance requires ongoing monitoring of the client throughout the business relationship.
What Is Included in Client Screening?
PEP status does not automatically prohibit a business relationship. However, such clients require enhanced due diligence, including an assessment of the source of funds and source of wealth, review of related parties, and additional control measures.
What Should You Do If There Is a Sanctions List Match?
The first step is to determine whether the match is a true or false positive. If the match is confirmed, the appropriate action will depend on the applicable sanctions regime and regulatory requirements. This may include rejecting the transaction, freezing the assets, and submitting the relevant report.
How Often Should Clients Be Rescreened?
The screening frequency is determined by the client’s risk level. High-risk clients should be screened more frequently, while additional screening should be conducted when client information, ownership structure, transaction patterns, or sanctions lists change. The company’s internal procedures should specify the screening frequency and the circumstances requiring an ad hoc review.
