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Al Amman Properties
Legal

Anti-Money Laundering (AML) Statement

Last updated: 09 May 2026

Our commitment Al Amman Properties complies with the United Arab Emirates' Anti-Money Laundering and Combating the Financing of Terrorism framework (Federal Decree-Law No. 20 of 2018, Cabinet Decision 10 of 2019, and subsequent ministerial guidance). Real estate brokers are designated as Designated Non-Financial Businesses and Professions (DNFBPs) under UAE law and bear specific KYC and reporting obligations.

What this means for clients For every transaction we facilitate (sales, lease, management onboarding) we are required to:

  • Verify identity: valid passport, Emirates ID where applicable, proof of address. Politically Exposed Persons (PEPs) screened against UN, OFAC, EU, and UAE sanctions lists.
  • Verify source of funds: for cash purchases or unusually structured transactions, we ask for documentary evidence (bank statements, sale of business, inheritance proof).
  • Identify beneficial ownership: for transactions through corporate structures, we identify the ultimate beneficial owner (UBO).
  • Record retention: we keep KYC and transaction records for at least 5 years post-transaction.
  • Suspicious transaction reporting: we report suspicious activity to the UAE Financial Intelligence Unit (FIU) under goAML, without notifying the client.

Cash thresholds Cash payments above AED 55,000 in connection with a real estate transaction trigger enhanced scrutiny and reporting. We strongly prefer bank transfer or manager's cheque for any property transaction.

Sanctions We do not transact with or for any individual or entity on UN, OFAC, EU, or UAE sanctions lists.

Client cooperation We may decline to onboard or proceed with a transaction if a client refuses to provide reasonable KYC documentation. This isn't bureaucracy — it's the law, and the AED 5–50 million fines for non-compliance keep us strict.

Contact AML / compliance enquiries: [complaints@alammanproperties.com](mailto:complaints@alammanproperties.com) Compliance officer designated under UAE AML law.

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