AML / KYC Policy

1. Purpose and company details

Sea Sweet Home is a real estate brokerage based in Abu Dhabi, United Arab Emirates. ADREC profession licence: 202400744192. Trade licence: CN-5169222.

We are committed to preventing money laundering, financing of terrorism, proliferation financing, sanctions evasion, and related financial crime in connection with our services.

2. Regulatory framework

Our procedures are designed to address applicable UAE requirements, including the Federal Decree by Law No. 10 of 2025 regarding anti-money laundering, combating the financing of terrorism and proliferation financing, and Cabinet Resolution No. 134 of 2025 containing its Executive Regulations.

We also take account of applicable directions and guidance issued by the UAE Ministry of Economy and Tourism, the UAE Financial Intelligence Unit, competent real estate authorities, the targeted financial sanctions framework, and applicable ADREC requirements. FATF standards may be considered as relevant international guidance.

3. Scope

This policy applies to relevant customers, beneficial owners, representatives, counterparties, employees, agents, and transactions handled by the Company.

UAE DNFBP obligations apply particularly when real estate brokers or agents conclude transactions or settlements for customers involving the purchase or sale of real estate. Proportionate checks may also be applied to leasing, investment, or other services where the risk or another legal or regulatory requirement warrants them.

4. Risk-based approach

The nature and extent of checks depend on identified risk. Relevant factors may include the customer and beneficial-owner profile, ownership structure, country exposure, purpose and value of the transaction, payment method, source of funds or wealth, use of third parties, and the history of the business relationship.

5. When customer due diligence is conducted

Customer due diligence may be required:

• Before or during the establishment of a business relationship.
• Before carrying out a transaction where verification is required.
• Where money laundering or another financial crime is suspected.
• Where previous identity information appears inaccurate or inadequate.
• When an existing customer's information or risk profile must be updated.

6. Individual customers

Depending on the relationship and risk, we may request and verify the person's full legal name, Emirates ID or passport, nationality, date of birth, residential address, contact details, occupation, authority to act, transaction purpose, and source of funds or wealth.

Supporting evidence may include bank statements, salary or employment evidence, investment records, or proof of business income. The documents required will depend on the circumstances.

7. Companies and other legal persons

Depending on the relationship and risk, we may request a trade licence, incorporation and constitutional documents, registered-address and business information, ownership and control details, directors, authorised signatories, a board resolution or authority document, and identification of the ultimate beneficial owner.

We may also request information concerning the purpose of the relationship and the source of funds or wealth of the entity and its beneficial owner.

8. Enhanced due diligence

Enhanced checks may be applied where higher risk is identified, including relationships involving politically exposed persons and relevant family members or close associates, high-risk jurisdictions, complex ownership, large or unusual cash payments, third-party funding, virtual assets, unexplained transaction patterns, or adverse information. PEP status does not by itself imply unlawful conduct.

Measures may include additional information and verification, more frequent updates, establishing source of funds and source of wealth, senior-management approval, and enhanced ongoing monitoring.

9. Sanctions screening

Relevant customers, beneficial owners, representatives, and transaction parties may be screened against applicable targeted financial sanctions requirements. Where a potential or confirmed match is identified, the Company may be required to refrain from dealing, take restrictive measures, or notify a competent authority in accordance with applicable law and official instructions.

10. Ongoing monitoring

Where an ongoing business relationship exists, transactions and activity may be reviewed for consistency with the customer's known profile, business, risk level, and source of funds. Due-diligence information may be refreshed, with closer scrutiny for higher-risk relationships.

11. Suspicious reports and confidentiality

Where required, the Company submits a Suspicious Transaction Report, Suspicious Activity Report, or another prescribed report concerning a suspected or attempted transaction or activity to the UAE Financial Intelligence Unit through goAML.

The Company, its directors, officers, and employees will not disclose to a customer or other unauthorised person that a report has been or may be submitted, or that a related investigation is being conducted, where disclosure is prohibited by law.

12. Real estate activity reporting

Current UAE guidance requires a Real Estate Activity Report through goAML in specified freehold purchase or sale transactions, including where cash payments total AED 55,000 or more, where virtual assets are used, or where the transaction involves conversion between virtual assets and fiat funds. Identity and transaction documents may also be required.

Any applicable reporting requirements and current official guidance are applied at the time of the transaction. A Real Estate Activity Report does not replace suspicious-transaction, suspicious-activity, or sanctions-related reporting where separately required.

13. Inability to complete checks

If required customer due diligence cannot be completed, the Company may be unable to establish or continue a business relationship or execute a transaction. It may decline, suspend, or terminate the service and will consider whether a report to the UAE Financial Intelligence Unit is required.

14. Records, governance, and training

Relevant identification, due-diligence, monitoring, transaction, correspondence, analysis, and reporting records are retained for not less than five years from the latest applicable legal trigger, or longer where required by an authority, investigation, court proceeding, or other applicable obligation.

Applicable law requires proportionate internal policies, compliance management, employee responsibilities and training, and independent review. These arrangements are governed by confidential internal procedures and directions from competent authorities.

15. Data protection, website use, and contact

When KYC information is collected, it may be used for verification, risk assessment, compliance, reporting, record-keeping, and related lawful purposes. It may be shared with competent authorities or approved service providers where permitted or required. Read our Privacy Policy for more information.

This website does not currently collect or store identity documents. Do not submit a passport, Emirates ID, bank statement, or other KYC document through the general consultation form. If documents are required, Sea Sweet Home will provide an appropriate submission method.

AML/KYC enquiries may be sent to info@seasweethome.com or raised by telephone at +971 50 772 3396. The Company is based in Abu Dhabi, United Arab Emirates.