We conduct business in accordance with all applicable laws and regulations. Our organization focuses a high priority on combating money laundering, which we see as a team effort.We support the major International Organizations like FATF, UN, The EU, OFAC, and the Local Central Bank of UAE, which establish and uphold standards for Anti-Money Laundering and Counter-Terrorist financing policies and programs.

We possess established Anti-Money Laundering policies and procedures that are regularly reviewed and revamped. We have also implemented certain in-house IT processes to monitor and regulate financial transactions at different levels and regularly conduct internal training sessions to keep the staff up to date on the subject. All employees at Al Modawala Exchange receive regular and thorough AML training. The company's AML policy and procedures are applicable to all services. Before engaging with any customer, a thorough KYC and due diligence procedure must be conducted.

Our Internal Audit Team will periodically test and monitor the Compliance Program by examining pertinent processes and controls at random on a quarterly, and semi-annual basis to uphold high standards of Anti-Money Laundering Compliance. The Management will receive a direct report on the findings. Through our internal reporting system, all staff members are responsible for alerting the Compliance Department to any transactions that appear suspicious or out of the ordinary. Any anomalous or possibly suspicious transactions must be identified and reported to the Compliance Department, who will then conduct a full investigation and take appropriate action before informing the UAE Central Bank's Financial Intelligence Unit (FIU).

Every employee is accountable for adhering to the Al Modawala Exchange Anti-Money Laundering Program. The program is created and overseen by the organization's Compliance Department. With the aid of list providers, the program entails client screening and transaction monitoring. At our site, we have implemented the best AML practices. We are committed to abiding by anti-money laundering regulations, and in accordance with FATF recommendations and guidelines.