Anti-Money Laundering (AML) compliance is no longer an issue limited to banks and financial institutions. In the UAE, businesses operating in certain sectors may have legal obligations to prevent money laundering, terrorist financing, and other financial crimes . Many business owners are surprised to discover that AML requirements can apply to sectors such as real estate, company formation, precious metals and jewellery, accounting and auditing, virtual assets, and certain corporate service activities. Understanding these obligations is important because non-compliance can result in regulatory action, financial penalties, reputational damage, and operational difficulties . What Is AML Compliance? AML compliance refers to the policies, procedures, controls, and monitoring systems businesses use to identify and prevent financial crimes. The objective is to ensure that businesses do not unknowingly become involved in transactions involving illegally obtained funds or activ...