The below documents represent both guidance to DMCC Member Companies in respect to compliance with DMCC Free Zone rules and regulations and also in respect to potential reporting requirements for DMCC member companies under UAE Federal laws. The AML/CFT section represents specific information for Financial Institutions (FIs) and Designated Non Financial Businesses and Professions ( DNFBPs) in respect to requirements to comply with UAE Federal Laws.
For easy and affordable compliance services, DMCC has launched the Compliance Hub. It is mandated by the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations that all Financial or Designated Non-Financial Businesses and Professions (DNFBP) companies appoint a compliance officer.
Therefore, DMCC introduced the DMCC Compliance Hub for DMCC Member Companies to have access to credible compliance service providers.
The Compliance Hub supports small and medium businesses by providing access to a pool of vetted compliance service providers. The Hub offers an opportunity to outsource your compliance officer function, as an alternative to hiring a full-time employee.
Click below to visit the Compliance Hub and book a free one-time 60 minutes consultation right away with one of the listed compliance consultancy companies.
Rated A by Standard & Poor’s Ratings Services, DMCC is the first entity in Dubai and the second in the UAE to receive a full interactive rating from the world's leading provider of independent credit ratings.