Anti-Money Laundering (AML) & KYC Compliance Statement
1. Overview
Fortune Plus Legal Consultancy (hereinafter "the Firm") is a legal consultancy firm based in the United Arab Emirates. We are committed to the highest standards of professional integrity and regulatory compliance. As a Designated Non-Financial Business and Profession (DNFBP), we strictly adhere to the UAE’s robust legal framework designed to combat money laundering, the financing of terrorism, and illegal organizations.
2. Regulatory Framework
Our internal policies and procedures are governed by the following UAE laws and regulations:
Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations.
Cabinet Decision No. (10) of 2019 regarding the Implementing Regulation of Federal Decree-Law No. (20) of 2018.
All subsequent circulars and directives issued by the UAE Ministry of Economy and the Financial Intelligence Unit (FIU).
3. Customer Due Diligence (CDD) & KYC
While our website is informational, we do not provide legal services until a formal onboarding process is completed. In accordance with UAE law, we perform Know Your Customer (KYC) procedures before establishing a professional relationship. This includes:
For Individuals: Verification of identity through a valid Emirates ID or Passport and proof of residential address.
For Corporate Entities: Verification of the Trade License, Memorandum of Association (MOA), and identification of the Ultimate Beneficial Owners (UBOs).
Sanction Screening: All potential clients are screened against the UAE Local Terrorist List and the UN Consolidated Sanctions List.
4. Suspicious Activity Reporting
The Firm is registered on the goAML portal of the UAE Financial Intelligence Unit. Our appointed Compliance Officer is responsible for monitoring interactions and reporting any suspicious transactions or activities as required by law. Please note that under UAE "Anti-Tipping Off" regulations, the Firm is prohibited from informing a client if a report has been filed regarding their activity.
5. Record Keeping
In compliance with Federal Law, the Firm maintains all identification and transaction records for a minimum period of five (5) years from the date of the end of the business relationship or the completion of a transaction.
6. Contact Us
If you have any questions regarding our compliance procedures, please contact our Compliance Department at: info@fortuneplc.com