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AML Advisory & Policies

Welcome to Parker Russell Obaid Auditing, your trusted partner for Anti-Money Laundering (AML) advisory and policy implementation. This page focuses on the critical need for businesses, especially Designated Non-Financial Businesses and Professions (DNFBPs), to establish robust internal policies, controls, and procedures in compliance with the AML-CFT Law.

Importance of AML Policies, Controls, and Procedures:

The AML-CFT Law mandates DNFBPs to implement internal policies, controls, and procedures. These frameworks should enable businesses to manage and mitigate the risks of Money Laundering (ML) and Terrorist Financing (TF), aligning with the nature and size of their operations.

Key considerations include:

  • Senior Management Approval: Policies, controls, and procedures must be approved by senior management, demonstrating a top-down commitment to AML compliance.
  • Regular Review and Updates: Continuous review for effectiveness and regular updates ensure that the internal frameworks stay relevant and adaptive to evolving risks.
  • Incorporation of Risk Assessments: Consideration of National Risk Assessments (NRA) and topical risk assessments enhances the effectiveness of AML frameworks.

Ready to Strengthen Your AML Frameworks?

Ensure robust AML policies, controls, and procedures with Parker Russell Obaid Auditing. Contact us today to fortify your defenses against Money Laundering and Terrorist Financing risks.

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    Why Choose Parker Russell Obaid Auditing:

    How Parker Russell Can Assist:

    At Parker Russell Obaid Auditing, we understand the complexities of AML-CFT regulations. Our AML Advisory & Policies services include:

    1. Policy Development: We assist in crafting comprehensive AML policies tailored to the unique needs of your business.
    2. Controls Implementation: Our team advise on implementing effective controls and procedures aligned with regulatory requirements.
    3. Senior Management Guidance: Benefit from our expertise in gaining senior management approval for your AML policies, fostering a culture of compliance.
    4. Continuous Review and Updates: We support businesses in regularly reviewing and updating their AML frameworks to stay ahead of emerging risks.

    Why Choose Parker Russell Obaid Auditing:

      • Expertise in AML-CFT Regulations: Rely on our deep knowledge of AML-CFT laws and regulations to ensure your policies meet compliance standards.
      • Tailored Solutions: Our approach is tailored to the nature and size of your business, providing personalized solutions that align with your unique requirements.
      • Commitment to Effectiveness: We prioritize the continuous effectiveness of your AML policies, controls, and procedures to mitigate ML/FT risks.

    What our Clients say?

    Over the past 3 years, Parker Russell UAE has provided an excellent audit service for our company Hisense Middle East FZE. Their staffs are very knowledgeable, professional and experienced so we get quality work at a reasonable cost. The audits were performed in a timely and extremely professional manner. Having a quality audit firm like Parker Russell UAE as our auditors ensures that our company is on the path of success

    Ms. Alicia

    Finance Manager, Hisense Middle East FZE

    Contact Us

    Ensure robust AML policies, controls, and procedures with Parker Russell Obaid Auditing. Contact us today to fortify your defenses against Money Laundering and Terrorist Financing risks.

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