Financial Crime Prevention (FCP)

The UAE has rigorous laws and regulations to combat financial crimes, including but not limited to money laundering, terrorism financing, bribery and corruption. The GCGRA is the competent authority to regulate and oversee financial crime prevention (FCP) within the UAE’s commercial gaming industry, in line with UAE federal laws and international best practices.

Our regulatory framework is designed to foster strict compliance practices to ensure a safe commercial gaming environment. This involves continuous engagement and collaboration with our licensees and both local and international stakeholders.

Key highlights of our FCP approach include:

• Enhancing FCP compliance, through clear regulations, guidance and continuous engagement with licensees;
• Supporting national efforts against financial crimes;
• Ensuring applicants/licensees can demonstrate adequate internal controls, systems and processes to comply with FCP requirements, through various means , including but not limited to periodic risk assessments, adequate policies, player due diligence, transaction monitoring, and reporting of suspicious transactions and activities;
• Overseeing licensee's ongoing compliance with GCGRA rules, regulations, and standards post-licensure, through periodic risk assessments, regulatory reporting, and risk-based supervision.