Sanctions Compliance in UAE and Conducting Sanctions Screening Using AML Software

AML UAE, in partnership with Castellum.AI, conducted a webinar on sanctions screening requirements in UAE on 3rd November 2022.

During the session, a brief about what sanctions are, regulatory requirements around sanctions, and why it is critical to comply with sanctions requirements in UAE.

Along with theoretical aspects around sanctions, the webinar also discussed how sanctions screening could be performed using Castellum.AI – one of the world’s leading screening software. The co-founder of the software walked the audience through the highlights of this screening software’s database – being enriched with international and country-specific sanctions, 1,000+ watchlists, and global data on Politically Exposed Persons (PEPs) and Shelf companies.

The AML software has functionalities to make your sanctions compliance easy and foolproof – such as:

updating the database every 5 minutes,
bulk screening functionality,
managing workflows and adding comments on the search results,
maintaining search history and the audit trail,
the option to search in different languages (like Arabic),
searching with a person’s ID,
easy download of search results with user comments,
minimal false positives, etc.

Along with AML screening software, you can reach out to AML UAE to manage your AML compliance in UAE with end-to-end AML consultancy services, comprising of –

AML Policy, Procedures, and Controls documentation: https://amluae.com/aml-cft-policy-con...
AML Business Risk Assessment: https://amluae.com/business-risk-asse...
Setting up an in-house AML Compliance Department: https://amluae.com/in-house-aml-compl...
Managed KYC and Customer Due Diligence: https://amluae.com/kyc-and-cdd-services/
Comprehensive AML training: https://amluae.com/aml-training/
AML Screening software: https://amluae.com/aml-software/
Periodic AML Health-check: https://amluae.com/aml-cft-health-check/
Assistance in regulatory reporting with Financial Intelligence Unit: https://amluae.com/regulatory-reporti...
Annual AML Risk Assessment: https://amluae.com/annual-aml-cft-ris...

With this screening software and comprehensive range of AML consulting services, stay compliant with AML requirements (including implementation of sanctions) and safeguard your business from non-compliance penalties and financial crime risks.