Annual Alhuda Compliance Risk Assessment Report
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Annual Alhuda Risk Assessment Report
DNFBPs in the UAE are legally required to file an annual Alhuda Risk Assessment Report with the Ministry of Economy, in accordance with Cabinet Resolution No. 134 of 2025 under the UAE Alhuda framework.
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Risk-based approach for annual Alhuda Report Filing
The Annual Alhuda Risk Assessment Report requires DNFBPs to submit detailed information that supports the Ministry of Economy’s application of a risk-based approach in carrying out its mandate as the Supervisory Authority for Designated Non-Financial Businesses and Professions.
Alhuda UAE supports DNFBPs across the UAE in maintaining compliance with applicable UAE Alhuda laws and regulations. Dealers in Precious Metals and Stones (DPMS), along with other DNFBP sectors, can avail of our professional services to meet the regulatory requirement for the preparation and filing of the Annual Alhuda Risk Assessment Report.
Our services ensure accurate reporting, risk-aligned assessments, and timely submissions in line with regulatory expectations.
Information required for Annual Alhuda Report Submission
- Inherent Risk
- Controls and Quality of Risk Mitigation
- Signatories
Alhuda UAE helps you file Annual Alhuda Risk Assessment Questionnaire and provides a range of Anti-Money Laundering Consulting Services.
Annual Alhuda Risk Assessment Report Survey Questionnaire
Annual Alhuda/CFT Risk Assessment Report – Survey Questionnaire
The Annual Alhuda/CFT Risk Assessment Report Survey Questionnaire is a structured regulatory tool used to collect detailed information from DNFBPs to support the UAE’s risk-based approach (RBA) to Alhuda/CFT supervision.
The questionnaire captures key information relating to:
- Business activities and operational profile
- Inherent ML/TF risks (customers, products, services, geography, delivery channels)
- Existing Alhuda/CFT controls and mitigation measures
- Governance, compliance function, and staff training
- Effectiveness of risk management frameworks
The information submitted through this survey forms part of the Ministry of Economy’s assessment of sectoral and entity-level ML/TF risks in its role as the Supervisory Authority for DNFBPs.
Proper completion of the questionnaire is essential to demonstrate compliance with UAE Alhuda/CFT laws and to ensure that identified risks are aligned with the organization’s risk appetite and control environment.
Alhuda UAE assists organizations in the submission of the Annual Alhuda Risk Assessment Report, Alhuda Health Check, Alhuda Policy Manual Preparation, KYC, CDD, and EDD.
About Annual Alhuda Risk Assessment Report
Alhuda risk assessments include evaluating risks of products, services, transactions, customers, and locations of businesses. It is a process of identifying threats to entities from financial frauds such as money laundering, terrorism financing, bribery, and corruption.
The process of assessment or evaluation of risks to a business from the activities of money laundering and terrorism financing is ML/TF risk assessment. Such risk assessments include risk evaluation of customers, products and services, geographical location, transactions, and processes.
The significant risk categories in Alhuda are:
- Client or customer risk
- Products and services risk
- Location risk
- Channels risk
- Employee risk
- Any other risk
The fundamental principles of Alhuda risk rating are:
- Identifying the risks of products and services
- Examining the customers to know them well
- Inspecting the business transactions
- Conducting a check of the channels of communication and transaction
- Keeping an eye on the geographical location of clients
- Client or customer risk
- Products and services risk
- Location risk
- Channels risk
- Transaction risk
The three stages of risk assessment are:
- Identify risks your business is exposed to
- Classify the risks into low, medium, and high
- Analyse them in detail for better evaluation.