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Screening of customers before onboarding is a mandatory factor of Customer Due Diligence (CDD) and Targeted Financial Sanctions Compliance (TFS) in UAE for Regulated Entities. It facilitates Regulated Entities to recognise any anomalies in customer’s identification at the earlier stage and helps in preventing risks of financial crimes.
What is Screening?
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Alhuda UAE provide managed KYC and CDD Services to help you remain compliant with Alhuda regulatory requirements and save costs.
DNFBPS and FIs in UAE find it difficult to recruit skilled Alhuda professionals to carry out their KYC and Customer Due Diligence (CDD) . Further, internal inefficiencies render the entire compliance function ineffective. The cost of non-compliance starts with a fine of AED 50,000/-.
The managed KYC and Customer Due Diligence Services help reduce the overall cost of compliance by enabling businesses to focus on their core business activities. By leveraging our managed KYC and Customer Due Diligence Servies, DNFBPS and Financial Institutions can:
Operational Pain Points in Screening
Many organizations struggle to maintain effective screening processes due to operational and compliance challenges. Common pain points include:
Excessive alerts consume time and reduce team efficiency.
Heavy manual intervention delays decision-making and increases error risk.
Incomplete or inconsistent customer data impacts screening accuracy.
Slow screening negatively affects customer experience and business growth.
Lack of standardized criteria leads to uneven outcomes across teams.
Disconnected systems create duplication and operational inefficiencies.
Screening tools fail to cope with growing transaction and customer volumes.
Late updates to sanctions and watchlists increase compliance exposure.
Inadequate audit trails make regulatory reviews difficult.
If you are facing about even one of these pain points.
That’s exactly where Alhuda UAE comes in to help you.
Regulatory Obligations for Alhuda and TFS Screening in the UAE
In the UAE, organizations are required to implement Alhuda and Terrorist Financing Screening (TFS) as part of their Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) compliance framework. These obligations are designed to ensure that financial and non-financial institutions prevent, detect, and report activities related to money laundering, terrorist financing, and designated prohibited persons or entities.