El Nilein Bank is committed to reviewing our AML strategies and objectives on an ongoing basis and to maintain an effective AML program.
We are committed to high standards of AML compliance and require management, employees, and customers to adhere to these standards in preventing the use of our products and services for money laundering purposes.
El Nilein places great importance on following the recommendations issued by the Central Bank of UAE and the Financial Action Task Force and others concerning Know-Your-Customer and Anti–Money Laundering and Terrorism Financing issues.
Information about El Nilein Bank and its measures to prevent AML and TF can be found below.
FATCA & VAT information
Pursuant to the Foreign Account Tax Compliance Act (FATCA), including intergovernmental agreements, rules and regulations adopted pursuant thereto, El Nilein Bank – Abu dhabi including relevant branches have registered with the IRS to receive Global Intermediary Identification Numbers (GIIN).
GIIN is: MQ79H2.00000.LE.208
The United Arab Emirates has implemented Value Added Tax (VAT) from 1 January 2018. VAT is imposed on most of the domestic supplies of goods and services with a few exemptions and zero-ratings.
In line with the introduction of VAT, all of El Nilein rates & fees is updated to be VAT inclusive, wherever VAT is applicable.
EL Nilein Bank TRN is: 100386253700003