Effective Date: 09\/03\/2025<\/p>\n\n\n\n
ODAS STAR REAL ESTATE L.L.C is committed to conducting business in full compliance with applicable Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and regulatory requirements within the United Arab Emirates.<\/p>\n\n\n\n
As a real estate brokerage operating in Dubai, we recognize that real estate transactions may present elevated financial crime risks. We therefore maintain strict due diligence and compliance procedures.<\/p>\n\n\n\n
This policy is aligned with applicable UAE legislation, including but not limited to:<\/p>\n\n\n\n
\u2022 Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering
\u2022 Executive Regulations of AML\/CTF
\u2022 UAE Cabinet Decisions and relevant guidance
\u2022 Applicable directives issued by competent authorities<\/p>\n\n\n\n
The Company adheres to all regulatory reporting obligations.<\/p>\n\n\n\n
The objective of this AML & KYC Policy is to:<\/p>\n\n\n\n
\u2022 Prevent money laundering and terrorist financing
\u2022 Detect suspicious activities
\u2022 Ensure transparency in real estate transactions
\u2022 Protect the integrity of the UAE real estate market
\u2022 Maintain regulatory compliance<\/p>\n\n\n\n
This policy applies to:<\/p>\n\n\n\n
\u2022 Property buyers and sellers
\u2022 Landlords and tenants
\u2022 Investors
\u2022 Corporate clients
\u2022 Introducers and intermediaries
\u2022 Business partners<\/p>\n\n\n\n
It applies to all property sales, leasing transactions, consultancy services, and related activities.<\/p>\n\n\n\n
Before proceeding with transactions, the Company conducts Customer Due Diligence procedures.<\/p>\n\n\n\n
For Individual Clients<\/p>\n\n\n\n
We may request:<\/p>\n\n\n\n
\u2022 Valid passport or Emirates ID
\u2022 Proof of residential address
\u2022 Visa copy (if applicable)
\u2022 Contact details verification<\/p>\n\n\n\n
For Corporate Clients<\/p>\n\n\n\n
We may request:<\/p>\n\n\n\n
\u2022 Trade license
\u2022 Certificate of incorporation
\u2022 Memorandum and Articles of Association
\u2022 Shareholder register
\u2022 Identification of directors
\u2022 Identification of Ultimate Beneficial Owners (UBOs)<\/p>\n\n\n\n
For certain transactions, particularly high-value property purchases, we may require:<\/p>\n\n\n\n
\u2022 Bank statements
\u2022 Bank reference letters
\u2022 Proof of legitimate source of funds
\u2022 Transaction justification documentation<\/p>\n\n\n\n
Failure to provide satisfactory documentation may result in refusal to proceed.<\/p>\n\n\n\n
ODAS STAR REAL ESTATE L.L.C applies a risk-based approach when assessing clients and transactions.<\/p>\n\n\n\n
Risk factors include:<\/p>\n\n\n\n
\u2022 High-value cash transactions
\u2022 Complex ownership structures
\u2022 Politically Exposed Persons (PEPs)
\u2022 Clients from high-risk jurisdictions
\u2022 Third-party payment arrangements<\/p>\n\n\n\n
Higher-risk clients may be subject to Enhanced Due Diligence (EDD).<\/p>\n\n\n\n
All clients may be screened against applicable sanctions lists and international watchlists.<\/p>\n\n\n\n
The Company will not engage in transactions involving sanctioned individuals, entities, or jurisdictions.<\/p>\n\n\n\n
We monitor transactions for unusual patterns, including:<\/p>\n\n\n\n
\u2022 Unexplained payment structures
\u2022 Multiple rapid transactions
\u2022 Use of intermediaries without transparency
\u2022 Requests to bypass standard procedures<\/p>\n\n\n\n
Suspicious activity may trigger internal review.<\/p>\n\n\n\n
Where legally required, the Company may report suspicious transactions to competent UAE authorities.<\/p>\n\n\n\n
Reporting obligations take precedence over commercial considerations.<\/p>\n\n\n\n
The Company maintains records of:<\/p>\n\n\n\n
\u2022 Identification documents
\u2022 Transaction documentation
\u2022 Contracts
\u2022 Compliance screening records<\/p>\n\n\n\n
Records are retained in accordance with applicable regulatory requirements.<\/p>\n\n\n\n
ODAS STAR REAL ESTATE L.L.C reserves the right to refuse or terminate a business relationship where:<\/p>\n\n\n\n
\u2022 Compliance documentation is insufficient
\u2022 False information is provided
\u2022 Regulatory risks are identified
\u2022 Suspicious activity is suspected<\/p>\n\n\n\n
Business integrity and regulatory compliance take priority over commercial opportunity.<\/p>\n\n\n\n
Management ensures that compliance obligations are integrated into daily operations and transaction procedures.<\/p>\n\n\n\n
Employees are expected to adhere strictly to AML and KYC requirements.<\/p>\n\n\n\n
This policy is reviewed periodically to reflect regulatory updates and operational developments.<\/p>\n\n\n\n
ODAS STAR REAL ESTATE L.L.C
Office No. 205\u2013305, Al Khabeesi
Dubai, United Arab Emirates<\/p>\n\n\n\n