FATF Compliance

FATF (Financial Action Task Force) compliance requires adherence to international anti-money laundering and counter-terrorist financing standards, enforced through UAE AML laws in real estate transactions.

FATF RequirementsImplementation
Customer due diligenceKYC verification for all parties
Source of fundsDocumentation of capital origin
Beneficial ownershipUBO disclosure for corporate buyers
Transaction monitoringSuspicious activity reporting
Record keeping5-year minimum retention
Risk-based approachEnhanced checks for high-risk profiles


UAE Real Estate ContextEnforcement
Regulatory authorityFinancial Intelligence Unit (FIU)
Designated sectorReal estate agents and brokers regulated
Transaction thresholdAED 55,000 triggers enhanced scrutiny
Cash limitAED 55,000 maximum cash transaction
PenaltiesFines, imprisonment for violations
Broker responsibilityReport suspicious transactions or face sanctions

Related Terms

Anti-Money Laundering (AML) ComplianceKYC Source of FundsRegulatory ComplianceFinancial Crime

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