AML Rules and Regulations

PRIVATEERS FZCO

Our services are provided in accordance with applicable Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), sanctions and regulatory requirements. All clients are subject to appropriate due diligence and screening procedures, which includes verification of identity, source of funds and beneficial ownership.

We reserve the right to request additional information or documentation where required to meet our regulatory obligations. We may decline, suspend or terminate a service or business relationship where the required information cannot be satisfactorily verified or where regulatory requirements cannot be met.

At PRIVATEERS FZCO, we maintain a robust Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Combating Proliferation Financing (CPF) compliance program aligned with the current UAE federal legislative framework and international best practices.

1. Legislative Framework

We apply AML, CFT, and CPF measures in strict accordance with the following current UAE federal laws and regulations:

Access to Legislation

UAE federal legislation may be accessed via:

• Ministry of Justice e-Laws Portal: https://elaws.moj.gov.ae/indexEN.aspx (Arabic and English)
• UAE Legislation Portal: https://uaelegislation.gov.ae

Important Notice on Legislative Updates

The legislation referenced above is updated and amended by relevant federal authorities from time to time.

2. Reporting Obligations

Any non-compliance by clients or prospective clients, or any suspicious activity detected by PRIVATEERS FZCO, will be reported in accordance with Federal Law to:

Financial Intelligence Unit (FIU)
Central Bank of the UAE
Abu Dhabi, United Arab Emirates

For Targeted Financial Sanctions (UN/Local Terrorist Lists):
Executive Office for Control and Non-Proliferation
Website: https://www.uaeiec.gov.ae

3. Client Obligations

By using the services of PRIVATEERS FZCO and/or visiting our website, all clients and prospective clients hereby agree to:

3.1 Provide Accurate Information

• Submit accurate, complete, and up-to-date identification and verification documents
• Provide beneficial ownership information for legal entity customers (those holding 25% or more ownership/control)
• Disclose the source of funds and source of wealth where required
• Update information promptly upon any material changes

3.2 Cooperate with Due Diligence

• Participate in Customer Due Diligence (CDD) procedures as required
• Provide additional documentation or information when requested
• Consent to sanctions screening against relevant lists (UN, UAE Local Terrorist List, OFAC, OFSI, EU)
• Understand that Enhanced Due Diligence (EDD) may be applied based on risk assessment

3.3 Comply with Applicable Laws

• Comply with all UAE AML, CFT, and CPF laws and regulations
• Declare cash, bearer negotiable instruments, precious metals, or stones exceeding AED 60,000 when entering or leaving the UAE (via TAMM portal or Afseh app)
• Refrain from attempting to structure transactions to avoid reporting thresholds
• Understand that false or misleading information may result in termination of the business relationship

3.4 Acknowledge Reporting Rights

• Understand that any non-compliance or suspicious activity will be reported to the Financial Intelligence Unit (FIU)
• Recognize that the Company remains obligated to comply with applicable laws even if it causes inconvenience or delay to the client

4. Key Compliance Requirements

4.1 Customer Due Diligence (CDD) Triggers

4.2 Record Retention

PRIVATEERS FZCO retains records for a minimum of five (5) years from:

4.3 Risk-Based Approach

The Company applies a Risk-Based Approach (RBA) where:

• Low-risk customers: Standard CDD measures
• Medium-risk customers: Standard CDD with enhanced monitoring
• High-risk customers: Enhanced Due Diligence (EDD) and senior management approval
• Prohibited: Relationships with sanctioned persons/entities, high-risk jurisdictions (when justified mitigation not feasible)

4.4 Politically Exposed Persons (PEPs)

• PRIVATEERS FZCO does not provide services to Politically Exposed Persons (PEPs), their family members, or known close associates.

5. Third-Party Links and External Websites

Links to third-party websites are provided solely for your convenience. Please note:

• PRIVATEERS FZCO has no control over third-party website content
• Third-party websites are not subject to PRIVATEERS FZCO's data protection or AML policies
• We are not responsible for the policies applied by third parties regarding personal data collection and processing
• We recommend reading the terms of use and data protection policies of any third-party website before use

6. Confidentiality and Data Protection

6.1 Data Transmission

While PRIVATEERS FZCO takes measures to ensure that your personal data cannot be intercepted by third parties, please note that:

• Data is transported over an open network (Internet) which cannot be regarded as fully secure
• We may transmit or store data outside your country of residence
• In such cases, we make every effort to secure appropriate protection standards, but lower protection standards in some countries are possible
• We accept no responsibility for data security during Internet transmission

6.2 Data Collection

PRIVATEERS FZCO does not use this website to collect personal data except where you explicitly and knowingly provide such data (e.g., through contact forms or service applications).

7. Monitoring

All actions taken while using this website may be recorded and analysed for purposes including:

• Security and system monitoring
• Compliance verification
• Fraud prevention
• Regulatory reporting requirements

8. Policy Updates

This AML Rules and Regulations page is subject to change at any time without prior notice to reflect:

• New or amended UAE federal legislation
• Changes in supervisory authority requirements
• Updates to international sanctions regimes
• Internal policy improvements

Continued use of our services constitutes acceptance of any revised terms.

9. Contact Information

For questions regarding AML compliance, reporting obligations, or this Policy:

PRIVATEERS FZCO — AML Compliance Officer
Email: privateersfzco@pm.me
Phone: +971 55 2614860
Physical Address:
IFZA Business Park, Building A1, Unit 28444-001, Dubai, UAE

For regulatory guidance:

Last updated: 18 August 2026