AML Compliance Requirements for Real Estate Brokers in UAE

 Anti-Money Laundering (AML) compliance is a crucial aspect of real estate brokerage in the United Arab Emirates (UAE). It is essential for real estate brokers to understand and adhere to AML regulations to prevent the misuse of their services for illegal financial activities, especially when it involves property for sale in Dubai.


Here are some key points you may find useful about AML compliance requirements for real estate brokers in the UAE.

  1. Understanding AML Laws and Regulations

The UAE has enacted various laws and regulations to combat money laundering and terrorist financing.

Real estate brokers must familiarize themselves with these laws and regulations to ensure compliance. The laws lay out the legal framework for AML in the UAE and outline the obligations of businesses, including real estate brokers, in preventing money laundering and terrorist financing. If you have a property for sale by owner, familiarizing yourself with these laws and regulations is crucial, otherwise seeking professional help is a better option.

  1. Customer Due Diligence (CDD)

Dubai real estate brokers are required to conduct Customer Due Diligence (CDD) before establishing business relationships with clients. CDD involves identifying and verifying the identity of the client, including beneficial owners and authorized signatories. Brokers must collect and retain the following information:

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