Best Compliance Certifications
Certification can help businesses to build trust in the brand or organization providing the product or service. In UAE, failure to obtain certification as mandated by the government can result in legal and financial consequences.
Our certification team involves in evaluating a product, service, or process against relevant standards or criteria to determine whether it meets the requirements as prescribed.
During our ICV (In-Country Value) certification service in UAE, we verify the percentage of a company’s spend on goods and services that are sourced locally within the UAE, to demonstrate their commitment to supporting the local economy and comply with UAE government regulations. The service enhances a company’s reputation and can help qualify them for government contracts that require a certain level of local content.
AML refers to the laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. AML regulations are enforced by the Central Bank of the UAE and the Financial Intelligence Unit (FIU). Our AML professionals help organizations in the UAE to comply with AML regulations by conducting risk assessments, implementing AML policies and procedures, and providing training to employees.
The UAE has enacted laws and regulations that criminalize bribery and corruption, including the Federal Penal Code and the Federal Law on Combating Bribery. Our firm in the UAE offer ABC compliance services to help organizations develop and implement effective ABC programs that meet regulatory requirements and international standards. These services may include ABC risk assessments, development and implementation of ABC policies and procedures, employee training programs, and ABC due diligence procedures for third-party partners.
The Economic Substance Regulations (ESR) were introduced by the UAE government to align the country with international tax transparency standards and prevent Base Erosion and Profit Shifting. The ESR services include assessment and analysis to determine if the entity meets the economic substance test and so on. By engaging our professional firms to provide ESR services, entities can ensure that they comply with the ESR and avoid penalties or regulatory actions for non-compliance.
Corporate governance and compliance services refer to the practices and procedures that organizations must follow to ensure that they are operating in a responsible and ethical manner. Our compliance team help organizations to mitigate reputational risks and can be tailored to meet the specific needs of each organization. This includes developing and implementing corporate governance frameworks, conducting risk assessments, implementing compliance programs, and providing training and education to employees.
Data protection and privacy compliance refers to the legal requirements that organizations must follow to protect personal data and ensure that it is processed lawfully and securely. Our data protection professionals help organizations to comply with data protection laws and regulations, develop data protection policies and procedures, and conduct data protection impact assessments.