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Tags: cash shell companies money laundering shell cash transaction companies cash transactions whitecollar crime aml compliance money whitecollar highnetworth individuals laundering highnetworth crime individual reporting verification precious metals diligence strategic analysis report compliance compliance aml compliance identity verification aml compliance officer abusing financial institutions aml program uae aml aml solution aml compliance goaml reporting risk assessment aml compliance officer audit firm uae aml law drug trafficking identity risk fatf grey goaml compliance unlocking essential insights aml compliance audit mitigate mlft risk wealth measures beneficial cabinet suspicious activity june jamaica funds fatf essential insights wealth essential element regulating diligence screening

Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations is the primary law for AML in UAE. The Cabinet Decision No. 10 of 2019 concerning the Implementing Regulation of this Decree-Law makes accountants and auditors subject to the AML law. This means that the AML law applies to all auditors and accountants in UAE.