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UAE is deeply committed to combating money laundering and the financing of terrorism and illegal organizations and have established the appropriate legislative Regulatory and institutional Frameworks for the prevention detection and deterrence of financial crimes including money laundering and financing of terrorism so these laws require institutions to assess and understand the crime risks in their business ing to the nature the size and complexity of their business as well to conduct customer due diligence of their new and existing clients to identify the client risk profile and then put mitigants in place so once the information and the documents have been collected the customer must be screened to a certain the plausibility of the information provided and any exposure to negative news so if there are any transactions or activities identified during the fact find these must be reported to the relevant competent authorities without delay all institutions that come under the category of financial institutions and dnfpps must appoint a compliance officer who will be responsible to implement the AML and the CFT program in their organizations dnfbps must register on the go AML platform which is provided by the UAE supervisory body for reporting suspicious activities or transactions [Music]