Technology helps UAE firms meet anti-money-laundering (AML) and counter-terrorist-financing (CFT) duties by automating customer due diligence, screening, transaction monitoring, reporting, and recordkeeping. UAE regulators explicitly support “greater use of technology and analytical tools,” provided firms assess and mitigate the risks created by each new technology. Core compliance uses Compliance requirement How technology supports it Customer identification and KYC eKYC, digital identity verification, document capture, biometric/liveness checks, and automated data validation establish who the customer is and reduce onboarding fraud. The Central Bank accepts digital onboarding where customer authentication and document verification meet its requirements. Risk assessment and customer risk profiling Risk engines assign customer, product, geography, and transaction risk scores; they support periodic rev...
WinguardAML is a UAE-focused AML compliance platform built for DNFBPs (like real estate brokers, dealers in precious metals/stones, and TCSPs) that need goAML-aligned workflows, automated KYC/UBO checks, and audit-ready reporting. What WinguardAML offers Customer due diligence (CDD/KYC/UBO): Automated onboarding with risk classification, document collection, and UBO identification/ownership mapping. Sanctions/PEP/adverse media screening: Real-time checks against global lists (UN, OFAC, EU, UK HMT) plus ongoing monitoring for profile changes. Transaction/activity monitoring: Rules and patterns aligned to sector norms (e.g., real estate payments, DPMS trades) to flag suspicious activity. goAML reporting: Built-in support for UAE regulatory reports such as DPMSR (Dealers in Precious Metals and Stones) and REAR (Real Estate Activity Reports), including templates and submission workflows. Risk assessments ...