Email us: info@thecomplianceconnection.com

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    AML / CTF Review

    Organisations can be exposed to AML / CTF and Sanctions risks, appropriate processes and systems help mitigate these risks.

    Assurance Reviews

    Expert independent assessments provide value to all stakeholders through identifying control weaknesses and gives assurance that your business processes are operating appropriately.

    Compliance Documentation

    Helping to demonstrate compliance with applicable laws, regulations, instructions and best practices whilst reinforcing the organisations compliance culture.

    DNFBP's

    DNFBP’s are defined as Real Estate Agents, Lawyers, Notaries, or independent Legal Professionals, Accountants, Dealers in Precious Metals or Stones, Trust and Company Service Providers.

    Employee Training

    Providing employees with appropriate knowledge of laws, regulations and internal processes to protect themselves and the organisation.

    Fraud Investigations

    Helping you to identify and respond to fraudulent and unethical activities in a timely manner.

    Internal Audits

    Helping to streamline internal processes by identifying areas of weakness and concern.

    Risk Assessment

    Risk assessments are key to any successful compliance programme by identifying control weaknesses and helping to strengthen controls.

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The Compliance Connection

The Compliance Connection offers a suite of services designed to mitigate regulatory fines for non-compliance, tailored to meet your business needs. We help organisations evaluate their anti-money laundering and counter terrorist financing (AML / CTF) compliance programmes and provide practical and comprehensive solutions.

Given the current global Regulatory focus on DNFBP’s – Designated Non-Financial Businesses and Professions – much of our work involves assisting businesses within the DNFBP category to ensure they are fully compliant with the complexity of rules and regulations to which they are subject.

TCC is built on a wealth of experience in undertaking complex money laundering and fraud investigations and multifaceted compliance reviews; both domestically and internationally. These are underpinned by tailored compliance training solution capabilities.

Regulatory Compliance and Financial Crime is our Business

The Compliance Connection specialises in identifying areas of regulatory concern; be this for Financial Services firms or those who are subject to enhanced scrutiny and monitoring, such as DNFBP’s.

In March 2023 alone, the UAE’s Ministry of Economy levied fines worth AED 22.6 million against 29 DNFBP’s for non-compliance with their statutory obligations. The Ministry have annual inspection targets for DNFBP’s to ensure full compliance and have substantially increased the number of inspectors to carry out this work.

Other countries across the MENA region have also been mandated to increase their attention to DNFBP’s. With such substantive focus and average financial penalties of US$220,000; it is essential that all businesses subject to this scrutiny take the necessary steps to ensure they are compliant.

Within the boundaries of Financial Crime Regulation, TCC provides robust solutions across a wide range of business areas and specialisms.

Tested Methodologies

Our expertise in Financial Crime, Regulatory Compliance and Internal Audit is based on tried and tested methodologies.

This is backed by exacting knowledge and proven experience, which is underpinned by relevant professional qualifications and up-to-date governing body affiliations.

Tailored Solutions

For TCC, each assignment and every client is unique and as such; our solutions are tailored to meet the requirements of each and every situation.

To do otherwise would not allow us to maintain the highest professional standards to which we hold ourselves accountable.

While the cost of Compliance may be high, the cost of non-Compliance is even higher. Most DNFBP’s are SME or Micro businesses; yet the average DNFBP fine for non-compliance is US $220,000

The Compliance solutions

Our Expertise

AML / CTF
Review

Organisations can be exposed to AML / CTF and Sanctions risks, appropriate processes and systems help mitigate these risks.

Assurance
Reviews

Expert independent assessments provide value to all stakeholders through identifying control weaknesses and gives assurance that your business processes are operating appropriately.

Compliance Documentation

Helping to demonstrate compliance with applicable laws, regulations, instructions and best practices whilst reinforcing the organisations compliance culture.

DNFBP's

DNFBP’s are defined as Real Estate Agents, Lawyers, Notaries, or independent Legal Professionals, Accountants, Dealers in Precious Metals or Stones, Trust and Company Service Providers.

Employee
Training

Providing employees with appropriate knowledge of laws, regulations and internal processes to protect themselves and the organisation.

Fraud Investigations

Helping you to identify and respond to fraudulent and unethical activities in a timely manner.

Internal Audits

Helping to streamline internal processes by identifying areas of weakness and concern.

Risk Assessment

Risk assessments are key to any successful compliance programme by identifying control weaknesses and helping to strengthen controls.

Contact Us

Contact Us

Get In Touch

Mail: info@thecomplianceconnection.com

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