Source of Funds & AML Compliance

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The UAE enforces robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols under Cabinet Decision No. 10 of 2019 and the oversight of the UAE Financial Intelligence Unit (FIU).

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Documentation Requirements

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• Source of Funds: Bank statements (6–12 months), salary slips, sale agreements, audited company accounts
  
• Language: Arabic or English (with legal translation if required)
  
• Authentication: Apostille or notarization required, particularly for offshore sources
  
  

High-Risk Profiles

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Applicants from sanctioned jurisdictions, politically exposed persons (PEPs), or those with crypto-derived wealth face enhanced due diligence. UAE authorities often require:

• Chain of custody documentation for crypto (e.g., wallet history)
  
• Third-party audit reports
  
• Declarations of beneficial ownership
  
  

Transfer Mechanism

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Funds must be transferred from accounts bearing the applicant’s name and through licensed financial institutions. Intermediary or shell company transfers raise compliance red flags.

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