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Governance Risk and Compliance (GRC) Solutions by Regulation
The GRC regulatory landscape is a complex and ever-changing environment. Professionals working in this field continue to produce new guidelines and refresh existing ones. This creates a dense and moving target for the ethics and compliance practitioners entrusted with guiding their organizations to clear the infinite forms of non-compliance. Most distinctly are local regulations like the UAE Federal Laws or English Common Law, used by some financial free-zones in the United Arab Emirates or other standard international rules and regulations like the Foreign Corrupt Practices Act (FCPA), Sarbanes Oxley Act (SOX), and the U.K. Bribery Act. Still, additional forms of misconduct are further recognized in HIPAA regulations and the recently launched General Data Protection Regulation (GDPR). And these are just scratching the surface. Ensure your organization understands the standards and regulations that pertain to its business and implements the proper mechanisms to meet those standards.
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UAE Local Laws & Regulations
Visual Training and development of procedures based on local UAE Federal Laws and English Common Law
UAE Federal Laws & Regulations
Anti-money laundering in the United Arab Emirates is fundamentally based on UAE federal legislation, developed to meet the international AML/CFT standards set out in the recommendations of the Financial Action Task Force (FATF). Essential acts of federal legislation governing AML in UAE include:
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FEDERAL LAW NO (8) OF 2004
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FEDERAL DECREE NO (15) OF 2013
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CABINET RESOLUTION NO (4) OF 2013
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CABINET RESOLUTION NO. 28 OF 2007
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ABU DHABI LAW NO. (4) OF 2013
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ABU DHABI LAW NO. (12) OF 2020
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UAE Federal Cabinet Resolution No.20 of 2019
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UAE Cabinet Resolution No. (10) of 2019
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UAE Cabinet Resolution No. (20) of 2018
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UAE Federal Cabinet Resolution No.20 of 2019
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UAE Cabinet Resolution No. (10) of 2019
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UAE Cabinet Resolution No. (20) of 2018
ADGM AML/CFT Regulatory Framework
ADGM is an international financial center with different sectors and businesses, products, and services that may be vulnerable to ML and TF risks.
Money Laundering (ML) and Terrorist Financing (TF) are two significant risks that threaten economic growth and social endurance through illicit funds and illegal activities. Banks and financial institutions are highly endangered to ML and TF risks in their everyday operations with clients and other associated parties.
Complyee helps clients create an adequate Compliance & AML framework and virtual training to ensure its highest possible efficiency and effectiveness with ADGM, FSRA & FCPU's rules and regulations.
DIFC AML/CFT Legal Framework
The DFSA, as a supervisory authority, is committed to maintaining a regime that acts as a significant restraint to any criminal components, including money launderers and persons wishing to support, in any way, acts of terrorism.
Complyee provides virtual training and framework development that cover the following rules and regulation:
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DIFC AML/CFT LEGAL REGIME
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The UAE Federal AML Legislation
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The AML Module of the DFSA Rulebook
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The Risk-Based Approach
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How to Reporting of Suspicious Transactions and/or activities in the DIFC