Compliance

Our consultants have hands-on knowledge covering various business models in DIFC, ADGM and UAE mainland, to help you navigate through the specific cases. We can help you ensure your business remains compliant at all times with the relevant regulatory requirements. These include, besides AML-CFT:

Fund Managers:

registration, notification, passporting, prospectus, marketing, reporting.

Asset Managers:

capital requirements, annual and semi-annual reporting, requirements to hold and/or control client investments.

Brokers:

mandatory roles, internal controls, reconciliations, reporting, client agreements.

Banks:

prudential requirements, product specific controls and risk mitigation, reporting.

Virtual Asset Services Providers:

provision or arrangement of custody, travel rule, recognized tokens, backing of stablecoins

Core Compliance Services: Outsourced COMLRO

Provide appropriate compliance & AML training to all staff.

Advise and assist the Board of Directors and Senior Management in achieving compliance objectives.

Maintain compliance and Anti Money Laundering (“AML”) policies and procedures.

Liaise with the regulator and Financial Intelligence Unit (“FIU”) of the UAE Central Bank.

Conduct periodic compliance monitoring reviews.

Undertake client due diligence (know your client) assessments and reviews.

File periodic compliance and AML reports with the regulators."

Compliance Support Services

Compliance Gap Assessments:

Process detailed review of the compliance framework against regulatory requirements and best practices, delivering observations and recommendations to address potential risks ahead of regulator’s inspections.

We cover:

DFSA

FSRA

CBUAE

SCA

VARA

SAMA

CMA

CBO

Compliance Function Set up:

We assist you to set up a compliance function from scratch, providing the adequate organisational arrangements, policies and procedures and training.