Overview of UAE AML regulations

The UAE has rapidly strengthened its AML framework, driven in part by its FATF grey-listing in 2022 and subsequent removal in 2024. Federal Decree-Law No. 20 of 2018 (as amended) forms the primary AML legislation, with the Central Bank of the UAE (CBUAE) and the Executive Office of AML/CFT overseeing compliance.

Key legislation

Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering establishes the obligations for financial institutions and DNFBPs. Cabinet Decision No. 10 of 2019 provides implementing regulations. The framework has been amended multiple times to address FATF recommendations, most recently in 2024.

DNFBP regulations

UAE non-financial institutions face extensive AML obligations. Real estate agents and precious metals dealers are subject to enhanced supervision given the UAE's high-value property and commodities markets. Free zone authorities provide additional supervisory oversight within their respective jurisdictions.

Post-grey-listing reforms

The UAE's successful exit from the FATF grey list involved significant reforms including enhanced beneficial ownership transparency, strengthened enforcement, increased SAR filing rates, and improved supervision of DNFBPs. These reforms have permanently raised the compliance bar for businesses operating in the UAE.