About Us

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Frontier Point Group – General Trading

Effective Date: 01/02/2025

Last Updated: 16/05/2025

1. Purpose and Commitment

At Frontier Point Group, we are committed to upholding the highest standards of integrity and compliance. This Anti-Money Laundering (AML) Policy outlines our efforts to prevent the misuse of our business for money laundering, terrorist financing, or other financial crimes in accordance with UAE laws and international best practices.

2. Legal Framework

This policy is in compliance with:

Federal Decree-Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations.

Cabinet Decision No. (10) of 2019 on the Implementing Regulation.

UAE Ministry of Economy guidelines applicable to Designated Non-Financial Businesses and Professions (DNFBPs), which include general trading companies.

3. Scope of Policy

This policy applies to all employees, directors, agents, suppliers, customers, and other stakeholders involved in the trading operations of Frontier Point Group, including imports, exports, re-exports, and domestic transactions.

4. Know Your Customer (KYC) and Due Diligence

We implement KYC procedures to verify the identity of all counterparties, including:

Verifying business registration and beneficial ownership.

Assessing the purpose and nature of the business relationship.

5. Risk-Based Approach

We adopt a risk-based approach to AML compliance, identifying and applying appropriate levels of due diligence depending on:

Country of origin/destination of goods.

Nature and volume of transactions.

Customer profile (individuals, companies, PEPs).

6. Transaction Monitoring

We monitor transactions to identify:

Unusually large or complex transactions.

Transactions inconsistent with the customer's profile or usual business.

Transactions involving high-risk jurisdictions or suspicious payment methods.

7. Suspicious Transaction Reporting (STR)

Any employee who suspects potential money laundering activity is required to report it immediately to our Compliance Officer. The Compliance Officer will assess the case and, if warranted, file a report with the UAE Financial Intelligence Unit (goAML system).

8. Record Keeping

We retain records of:

Customer identity and due diligence data.

Invoices, shipping documents, contracts.

Suspicious activity reports and communications.

These records are kept for a minimum of 5 years in accordance with legal requirements.

9. Training and Awareness

All employees receive AML training appropriate to their role, including:

Understanding money laundering and terrorist financing risks.

Recognizing red flags in trading and financial transactions.

Reporting procedures.

10. Compliance Officer

We have appointed a designated AML Compliance Officer responsible for:

Policy implementation and updates.

Internal audits and reporting.

Staff training.

11. Policy Review

This policy is reviewed annually or as required by changes in UAE law or our business operations.