AML/CFT Compliance Officer – Real Estate sector

at  athGADLANG

Job Summary:
The anti-money laundering and combating the financing of terrorism (AML/CFT) Compliance Officer will ensure that the organization complies with the applicable local and international regulations to prevent money laundering and terrorism financing. This role primarily involves monitoring customer activities, conducting due diligence, and reporting suspicious transactions by the applicable standards.

Key Responsibilities:

• Conduct Customer Due Diligence (CDD) and Know Your Customer (KYC) for onboarding clients.
• Conduct regular risk assessments for new and existing clients in the real estate sector.
• Ensure accurate documentation of client information and transactions as per the record keeping guidelines relating to Designated Non-Financial Businesses and Professions (DNFBPs).
• Perform ongoing transaction monitoring to detect potential money laundering activities. ∙Prepare and submit Suspicious Activity Reports (SARs) to relevant authorities, including the Central Bank of the UAE (CBUAE) and the Financial Intelligence Unit (FIU).
• Implement and enforce the company’s AML policies and procedures, ensuring compliance with local and international laws (such as FATF, DNFBP, and CBUAE regulations). ∙Conduct risk assessments for new customers, business lines, and products.
• Keep up-to-date with regulatory changes in UAE AML/CFT laws and develop/update an annual compliance work plan.
• Stay updated on emerging trends in real estate money laundering schemes and report these to management during Board meetings.
• Work closely with external and internal stakeholders to address any material matters, identify control weaknesses or regulatory gaps.
• Train employees on AML/CFT compliance requirements and updates.
• Any other tasks as assigned by Senior Management.

QUALIFICATIONS:

• Bachelor’s degree in Law, Finance, or related field.
• Certified Anti-Money Laundering Specialist (CAMS) or similar qualification preferred.
• 4-5 years of experience in AML/CFD, particularly in the UAE Real estate sector.
• Strong understanding of UAE AML/CFT regulations and applicable guidelines.
• Excellent analytical skills and attention to detail.
• Strong communication skills to liaise with internal and external stakeholders.
  Job Type: Full-tim

• Conduct Customer Due Diligence (CDD) and Know Your Customer (KYC) for onboarding clients.
• Conduct regular risk assessments for new and existing clients in the real estate sector.
• Ensure accurate documentation of client information and transactions as per the record keeping guidelines relating to Designated Non-Financial Businesses and Professions (DNFBPs).
• Perform ongoing transaction monitoring to detect potential money laundering activities. ∙Prepare and submit Suspicious Activity Reports (SARs) to relevant authorities, including the Central Bank of the UAE (CBUAE) and the Financial Intelligence Unit (FIU).
• Implement and enforce the company’s AML policies and procedures, ensuring compliance with local and international laws (such as FATF, DNFBP, and CBUAE regulations). ∙Conduct risk assessments for new customers, business lines, and products.
• Keep up-to-date with regulatory changes in UAE AML/CFT laws and develop/update an annual compliance work plan.
• Stay updated on emerging trends in real estate money laundering schemes and report these to management during Board meetings.
• Work closely with external and internal stakeholders to address any material matters, identify control weaknesses or regulatory gaps.
• Train employees on AML/CFT compliance requirements and updates.
• Any other tasks as assigned by Senior Management