AML

Scope of work

• A major Exchange House with more than 30+ branches in the UAE, approached us to conduct MLTF risk Assessment.
• The Exchange house wanted that the processes in place were streamlined in line with the regulatory requirements as per the UAE regulations.

Execution Strategy

• Identification of various instances of non compliance with mandatory CBUAE regulations.
• Documentation Review and Submission of Observation tracker
• Submission of ML/FT Risk Assessment Matrix.

Success

• Assisted the management in enhancing the AML Compliance function and their operations.
• Strengthening the system controls and processes with in the organization as a whole.

Key Highlights

• Identified key gaps within the various AML related policies within the organization.
• Enhancement of system controls and rules embedded within the system applications.