Risk & Compliance
Implementing a robust Compliance and Risk assessment program across your business is gaining importance as stricter and tighter regulations against money laundering and terrorist funding is being imposed by the governing bodies within the United Arab Emirates (UAE) and globally. With the increasing complex compliance requirements, it has become challenging to remain compliant with the ever-changing regulations.
Additionally, it is of utmost importance to adopt a Risk-based approach while drafting the Compliance Program that can be applied across the Organization. However, assessing the money laundering/financing terrorism risks in an organization and deciding on taking the right tools and techniques for mitigating these risks can be a significant challenge.
Moreover, the regulatory environment for Anti Money Laundering (AML)/Combating the Financing of Terrorism (CFT) is getting more complicated. Therefore, it is more critical to conduct compliance carefully. This can be done only when you have the right kind of expertise and advice from knowledgeable Compliance Specialists who can ensure your business is protected from all attributes of Money Laundering, Terrorist Financing, and other Compliance risks.
In particular certain categories of companies are facing immense pressure to comply with the said regulations. Whether administrating an urgent issue or addressing compliance on a large scale, the businesses need to ensure that their Compliance Program is well defined to combat any risks related to Terrorist Financing and Money Laundering and is in line with the requirements from the Regulatory bodies.
We also carefully choose our network of international lawyers and in this regard, we have a growing partnership in Europe, North Africa, Middle East and in Asia.
Compliance related services that can be offered by us are:
- Assessment of tools and controls design.
- Reviewing the existing AML/CFT Policies within the organization and identifying gaps in line with the regulatory requirements.Assessment of tools and controls design.
- Drafting Complete Risk and Compliance framework.
- AML audit and reporting.
- Due diligence Frameworks and process implementations.
- Anti-corruptions and financial frauds frameworks.
- Corporate Training on Compliance related policies.
As part of day-to-day operations in an organization, Companies need to obtain and process vital information that is handled at various levels. This information comprises of highly vulnerable customer information which can make the customers identifiable through sensitive data like their names, addresses, digital footprints, photographs, social security numbers, financial data etc.
The Federal laws across the world are implemented to set in place many legislations that help us protect the data and the privacy of the persons and the companies that we deal with.
Our Compliance Consultants who are experts in this field can help you in securing your data by drafting stringent policies that are based on all relevant Local and Federal laws. These policies will ensure your corporate data is collected and utilized in such a way that they: