The UAE has significantly strengthened its framework for combating financial crime with the introduction of Federal Decree-Law No. 10 of 2025, which updates the country‚ As Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) laws. This new legislation underscores the UAE‚As commitment to upholding the highest standards of financial integrity and aligning with the recommendations of the Financial Action Task Force (FATF). For businesses in the UAE, particularly those designated as Designated Non-Financial Businesses and Professions (DNFBPs), understanding and complying with this new law is not just a legal requirement‚ it is a critical component of corporate governance and risk management. The authorities are intensifying scrutiny, and the penalties for non-compliance are severe. This guide provides a clear explanation of the key aspects of the new AML/CFT law and what they mean for your business. We cover the scope of the law, the key obligations for DNFBPs, and the steps you need to take to ensure you are fully compliant. And when you need expert assistance, T4me‚ As legal and compliance specialists are here to help you navigate the complexities of AML/CFT regulations. What are DNFBPs? DNFBPs are businesses and professions that are considered to be at a higher risk of being used for money laundering or terrorist financing. In the UAE, this category includes: If your business falls into one of these categories, you have specific legal obligations under the AML/CFT law. Key Obligations for DNFBPs under the New Law The new law reinforces and expands the obligations for DNFBPs to prevent financial crime. What`s New in the 2025 Law? The new Federal Decree-Law No. 10 of 2025 introduces several enhancements to the existing framework: How T4me Can Help Your Business with AML/CFT Compliance AML/CFT compliance can be a complex and resource-intensive task. T4me offers a range of services to help DNFBPs and other businesses meet their legal obligations. Our services include: Frequently Asked Questions (FAQ) 1. Does the AML/CFT law apply to my business if it is not a DNFBP? While the most stringent requirements apply to financial institutions and DNFBPs, all businesses in the UAE are expected to be aware of the risks of financial crime and to report any suspicious activity they encounter. 2. What is the ‚ goAML portal? The goAML portal is the online platform used to report suspicious transactions to the UAE‚As Financial Intelligence Unit. 3. What is the difference between a compliance officer and a money laundering reporting officer (MLRO)? These terms are often used interchangeably. The key role is to have a designated individual who is responsible for overseeing the company‚ As AML/CFT compliance program. 4. What are the consequences of failing to report a suspicious transaction? Failing to report a suspicious transaction is a serious offense and can result in significant fines and criminal charges. 5. How often should I review my company‚ As risk assessment? You should review your risk assessment on a regular basis, and especially when there are changes to your business, such as the introduction of new products or services. Conclusion: A Collective Responsibility Combating financial crime is a collective responsibility, and the UAE government is taking a firm stance to protect the integrity of its financial system. The new AML/CFT law is a clear signal that all businesses must play their part. By taking a proactive approach to compliance, you can not only avoid the severe penalties for non-compliance but also protect your business from the reputational and financial risks associated with financial crime. Contact T4me today for a confidential consultation on your AML/CFT compliance needs. Let our experts help you to build a robust compliance program and safeguard your business.

The UAE has firmly established itself as the leading fintech hub in the Middle East and North Africa (MENA) region. With a supportive regulatory environment, a tech-savvy population, and a strong government vision for a digital economy, the UAE offers fertile ground for financial technology (fintech) companies to innovate and thrive. As we move into 2025, the fintech revolution is accelerating, creating immense opportunities in areas like digital payments, cryptocurrency, and AI-powered financial services. However, the fintech sector is also one of the most highly regulated. Setting up a fintech business in the UAE requires a deep understanding of the complex licensing and regulatory landscape, which is governed by multiple authorities, including the UAE Central Bank, the Securities and Commodities Authority (SCA), and the financial free zone regulators. This guide provides a comprehensive overview of setting up a fintech business in the UAE in 2025. We cover the key regulatory bodies, the different types of fintech licenses available, and the steps you need to take to launch your venture. And when you‚are ready to navigate this complex but rewarding sector, T4me As team of business setup and legal experts is here to provide the specialized support you need. The UAE‚ As Fintech Regulatory Landscape The UAE has a dual regulatory system for financial services. You can either set up in a financial free zone or on the mainland. Each has its own set of rules and regulators. Jurisdiction Key Regulators Best For Financial Free Zones Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre (DIFC).Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). Fintechs looking for a world-class regulatory framework aligned with international standards. UAE Mainland Central Bank of the UAE for payment services and stored value facilities.Securities and Commodities Authority (SCA) for crypto assets and financial markets. Fintechs that need to serve the broader UAE market directly. How to Get a Fintech License in the UAE: A Step-by-Step Guide The process of obtaining a fintech license is rigorous and requires careful planning. How T4me Can Help You Launch Your Fintech Venture Setting up a regulated fintech business is a complex and specialized undertaking. T4me and its network of legal and financial partners can provide the expert guidance you need to navigate the process successfully. Our services include: Frequently Asked Questions (FAQ) 1. How long does it take to get a fintech license in the UAE? The process can take several months, from 6 to 12 months or even longer, depending on the complexity of your business and the regulator‚As review process. 2. What are the capital requirements for a fintech license? The capital requirements vary significantly depending on the type of license and the level of risk associated with your business. It can range from tens of thousands to millions of dollars. 3. What is a regulatory sandbox? A regulatory sandbox (like the DFSA‚ As Innovation Testing Licence or the FSRA‚ As RegLab) is a framework that allows fintech startups to test their innovative products and services in a live but controlled environment for a limited period, without being immediately subject to the full suite of regulatory requirements. 4. Can I get a license for a cryptocurrency business in the UAE? Yes, both the SCA on the mainland and the regulators in ADGM and DIFC have frameworks for licensing various types of crypto asset businesses. 5. Do I need to have a physical office in the UAE? Yes, regulated financial service companies are required to have a physical office and substantive presence in the UAE. Conclusion: Your Future in the Middle East‚As Fintech Capital The UAE‚As commitment to innovation and its robust regulatory framework make it the undisputed leader for fintech in the region. For entrepreneurs with a disruptive idea in financial services, the opportunities are immense. However, the path to launching a fintech business is paved with complex regulatory hurdles. Success requires careful planning, a solid business case, and expert guidance. Contact T4me today for a confidential consultation on your fintech venture. Let our experts help you navigate the licensing and regulatory landscape and turn your innovative idea into a successful business in the heart of the Middle East‚ As fintech capital.