Compliance
AML / CFT Compliance
Consorata Financial Services CO. L.L.C is a Designated Non-Financial Business or Profession (DNFBP) under UAE law and is supervised by the Ministry of Economy.
Regulatory framework
Consorata operates under the UAE DNFBP regime established by Federal Decree-Law No. 20 of 2018 (as updated by Federal Decree-Law No. 10 of 2025) and the related Cabinet Decisions, with FATF-aligned obligations for accountants, auditors, and tax-advisory firms. The firm is registered on the UAE goAML portal for suspicious-transaction reporting.
Customer due diligence
Every engagement begins with documented customer due diligence (CDD): identity verification of the engaging entity and its beneficial owners, screening against UAE and UN Security Council sanctions lists, source-of-funds verification proportionate to engagement risk, and ongoing monitoring throughout the engagement. Enhanced due diligence applies to politically-exposed persons, higher-risk jurisdictions, and engagements involving cash-intensive or virtual-asset activity.
Internal policies
Consorata maintains internal AML/CFT policies, procedures, and controls; appoints a Compliance Officer responsible for implementation; and conducts regular training. Detailed internal procedures are confidential and made available to UAE supervisory authorities on request.
Last updated: 25 April 2026.