EL Auditors is committed to conducting its business with integrity, transparency, and in full compliance with applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws and regulations. We maintain a zero-tolerance approach toward money laundering, terrorist financing, and other financial crimes.
This policy outlines the principles and controls adopted by EL Auditors to prevent the misuse of its services for unlawful purposes.
The purpose of this AML Policy is to:
Prevent and detect money laundering and terrorist financing risks
Ensure compliance with applicable AML laws and regulatory requirements
Protect EL Auditors, its clients, and stakeholders from legal, financial, and reputational risks
Establish a clear framework for AML compliance and risk management
This policy applies to:
EL Auditors and all its operations
Partners, employees, consultants, and contractors
Third parties acting on behalf of EL Auditors
All clients, engagements, and business relationships where applicable
EL Auditors complies with all applicable AML and CTF laws and regulations, including:
UAE Federal AML and CTF legislation
Guidance issued by relevant regulatory authorities
International AML standards and best practices
EL Auditors applies a risk-based approach to customer due diligence, which may include:
Identifying and verifying client identity
Understanding the nature and purpose of the business relationship
Identifying beneficial owners where applicable
Assessing the client’s risk profile
Applying enhanced due diligence for higher-risk clients
EL Auditors reserves the right to decline or terminate engagements where AML concerns cannot be adequately mitigated.
AML risks are assessed based on factors including:
Nature of services provided
Client business activities and industry
Geographic location
Transaction size, complexity, and frequency
Regulatory exposure
Appropriate controls are implemented to mitigate identified risks.
EL Auditors maintains procedures to:
Monitor engagements and transactions for unusual or suspicious activity
Escalate AML concerns internally for review
Comply with applicable legal obligations related to reporting suspicious activities
EL Auditors maintains accurate and secure records related to:
Client identification and due diligence
Engagement documentation
AML compliance reviews
Records are retained in accordance with applicable legal and regulatory requirements.
EL Auditors ensures that relevant personnel receive appropriate AML awareness and training to:
Understand AML obligations
Identify red flags and suspicious activities
Act ethically and responsibly in all client engagements
All AML-related information is handled with strict confidentiality and used solely for compliance purposes, subject to applicable legal obligations.
Failure to comply with this policy or applicable AML laws may result in:
Refusal or termination of services
Disciplinary action
Legal or regulatory consequences where applicable
This AML Policy is reviewed periodically and updated as necessary to ensure continued compliance with applicable laws, regulations, and industry best practices.
For questions regarding this AML Policy, please contact:
EL Auditors
📧 Email: info@elauditors.com
📞 Phone: +971 50 277 9150
