Compliance Services
Regulatory environment around the world is changing rapidly. Due to changing laws and regulations, the companies are more prone to non-compliance and penalties from regulators which may result in financial and reputation risk to the organizations.
Our dedicated team of professionals can assist your organization in establishing, updating, enhancing and monitoring your compliance framework to ensure your organization complies and adopts to a changing regulatory environment.
Financial institutions can achieve greater sustainability by taking advantage of the environmental, social and governance (ESG) associated opportunities and risks. Be inspired and take the first step towards a brighter future.
With ever growing Anti-Money Laundering (AML) regulations across the world, the regulators are now emphasizing more towards having agile and effective AML framework in place. Our team remains well-informed with regards to changing AML regulations in UAE and globally.
With our regulatory team, we perform risk-based AML Reviews to assess your AML Framework and recommend ways to ensure your AML related controls are operating effectively and are adequate to meet the changing compliance landscape.
Role of Compliance has become mandatory for most of the institutions now. With such complex regulations, the organizations are in constant need to develop and enhance their compliance function. Outsourcing the compliance function allows the organization to bring in the required expertise without having to incur the cost of spending excessively.
Our team provides outsources Compliance and Money Laundering Reporting Officer (MLRO) services to financial institutions across DIFC, ADGM and UAE Mainland (Insurance Authority).
Our dedicated resource would establish the compliance framework at your organisation and would assist your organisation in day-to-day matters. Our team is well experienced in regulatory compliance matters and can advise on various related matters.
Exchange of information between governments and tax authorities has become a key matter in recent years. Implementation of FATCA / CRS regulations in this regard has resulted in increased compliance commitments for the financial institutions.
Our team is expert in providing FATCA / CRS services and has worked with various financial institutions across UAE, Pakistan, Oman, Cayman Islands and British Virgin Islands (BVI) in implementing these regulations.
Our key service offerings include the following:
– Review of regulatory structure to determine FATCA / CRS applicability
– Registration of entity with Internal Revenue Services to obtain Global Intermediary Identification Number (GIIN)
– Creating FATCA / CRS Compliance Program
– Reviewing / Updating / Enhancing account opening and KYC documents
– Reporting information to competent authorities on behalf of organizations