International Standards & Compliance

The UAE is dedicated to fighting money laundering and terrorism financing. Competent Authorities have set up frameworks to prevent, detect and deter financial crimes. They are enhancing resources and effectiveness by implementing internationally accepted AML/CFT standards recommended by organizations like FATF, MENAFATF, the United Nations, the World Bank and the IMF.

V&M MERCURY

V&M Mercury ensures supply chain of its customers is ethical, legitimate and adheres to UAE AML/CFT laws and high standards set by OECD, LBMA and RJC.

V&M Mercury helps its Customers develop policies safeguarding against money laundering to comply with all applicable laws, regulations and rulings in the countries where it does business. Elements of this program include:

Adopting written policies and procedures

Identifying and assessing risk in the supply chain

Establishing a strong management system

Having an internal review and control process to test the robustness of policies and procedures

Monitoring and reporting on customer activities and transactions as per AML legislation and regulations

Training employees on AML and CFT