AML / KYC Policy

Maizon Group LLC-FZ provides accounting and related services and complies with UAE AML/CFT law, including Federal Decree-Law No. 20 of 2018 (as amended) and secondary rules, and considers FATF recommendations.

As an accounting service provider the company is a DNFBP and meets related regulatory requirements, including goAML registration.

We do not work with clients who refuse identification and do not take part in schemes aimed at concealing the origin of funds or circumventing sanctions.

Before providing services we identify the client. For individuals we request:

• identity document (passport);
• proof of residential address;
• information on occupation and source of funds — where needed.

For legal entities we request:

• constitutional and registration documents, licences;
• ownership and management structure;
• identification of beneficial owners (UBO) holding 25%+ or otherwise controlling the company;
• information on the nature of business and source of funds.

• Screening of clients and beneficial owners against sanctions lists (UN and other applicable lists) and PEP lists.
• Enhanced due diligence (EDD) for higher-risk clients and transactions.
• Regular updates of client data and monitoring of the business relationship throughout cooperation.

We may refuse to start or continue cooperation if: the client did not provide requested documents; information is inaccurate; sanctions risks are identified; the nature of transactions raises reasonable suspicions the client cannot dispel.

If suspicious activity is identified, we act under UAE law, including filing reports with the FIU via goAML. Law prohibits tipping off the client about such a report.

KYC documents and information, as well as transaction data, are kept for at least 5 years after the end of the business relationship or the transaction — as required by UAE law.

Employees working with clients receive AML procedure training. A designated compliance officer is responsible for policy compliance.

For questions about this policy, write to info@maizongroup.com.