Transaction screening and transaction monitoring are distinct but complementary components of a robust Anti-Money Laundering (AML) compliance framework. While both are designed to identify potential financial crime risks, they serve fundamentally different purposes. Transaction screening assesses parties involved in a transaction…

The UAE’s insurance sector has moved well past the days when a written AML policy sitting in a compliance folder was enough to satisfy regulators. Since the UAE’s exit from the FATF grey list, oversight from the Central Bank of the UAE has sharpened considerably — and insurers, reinsurers, brokers, and agents writing life or investment-linked business…