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