Compliance
Albuhaira Insurance Broker DMCC is quite notable for offering clients services that help them to comply with
anti-money laundering (AML)
and anti-bribery and corruption (AB&C)
regulations locally and globally. With a combination of expertise, technology and its wealth of experience, Albuhaira Insurance Broker DMCC assist clients to:
-
Analyse, design, set up, and
implement compliance programs and
policies, considering the
complex and unique laws across the globe
-
Institute a world-class compliance strategy and
culture, including organizational training
programs
-
Manage third party
risks leveraging Albuhaira Insurance Broker DMCC's Third Party Compliance
portal, a web-based Due Diligence,
governance and compliance platform
-
Take professional risks to ensure compliance through its myriad capabilities, expertise, technology and wealth of experience.
-
Resolve potential risks through Albuhaira Insurance Broker DMCC's investigative,
consultative solutions.
Anti-Money Laundering
(AML)
The services of Albuhaira Insurance Broker DMCCis sought by many of the world leading financial institutions to help them to comply with key legislation like the USA Patriot Act and
the Bank Secrecy Act (BSA), etc. Compliance to these global regulations requires a risk-based attempt to instituting and carrying out AML and Know Your Customer (KYC)
programs, including customer identification programs and enhanced Due Diligence. Albuhaira Insurance Broker DMCCprovides
streamlined solutions commensurate with the
level of risk involved, including:
establishing policies, procedures and
controls that are designed to detect and
report cases of money laundering; client
onboarding, screening and risk scoring; and
enhanced Due Diligence on higher risk accounts.
Anti-Bribery and
Corruption
Many local and global regulatory companies exist out there, including the Foreign Corruption Practices Act (FCPA), the UK
Bribery Act (UKBA), etc. The industry has actually recorded tremendous growth. Exposure to corruption-related risks continues to be one
of the top business challenges for compliance
and internal legal professionals as well as
C-level stakeholders. However, Albuhaira Insurance Broker DMCC can equip clients with the
tools needed to mitigate and completely resolve
these regulatory compliance issues.
Albuhaira Insurance Broker DMCC solutions include
critical analysis, design and implementation of anti-bribery and corruption programs, the use of Albuhaira Insurance Broker DMCC proprietary 3rd Party
Compliance Portal to assess and manage the risk of third parties and internal controls
such as Travel Gift & Entertainment, ongoing
screening, monitoring, and enhanced due
diligence of third parties, and the ability
to quickly resolve any bribery or corruption risks that may arise locally or globally.
Compliance
Capabilities:
-
Investigative Screening and Due
Diligence
-
Compliance Program
Consultancy
-
Technical Compliance
-
Monitoring
-
Regulatory
Investigations
-
Supply Chain Due
Diligence
-
Supplier Diversity
|