MLRO Services
Mitigate financial crime risks with expert AML/CFT oversight and timely reporting.
In the ever-evolving regulatory landscape, ensuring compliance with Anti-Money Laundering and Counter Financing of Terrorism regulations is crucial. ACX Compliance offers dedicated MLRO services to help your business navigate complex compliance requirements with confidence. Our experienced MLROs are committed to safeguarding your organization by implementing robust strategies, conducting thorough assessments, and ensuring adherence to all relevant AML/CFT laws.
Key Compliance Features
Thorough AML/CFT Risk Assessments
We conduct comprehensive risk assessments to identify and mitigate potential AML/CFT threats within your organization, ensuring that your compliance strategies are proactive and effective.
Suspicious Activity And Transaction Reporting
Our MLRO services ensure timely and accurate reporting of any suspicious activities or transactions to the relevant authorities, keeping your business in compliance with all legal requirements.
Corrective Actions For Non-Compliance
If non-compliance with AML/CFT regulations is detected, our team swiftly implements corrective actions to rectify the situation and prevent future occurrences.
Strategy Development And Implementation
We develop and implement tailored strategies designed to prevent future non-compliance, aligning with your business's unique needs and regulatory obligations.
Board Reporting
Our MLROs provide periodic reports to the Board, offering insights into the effectiveness of your AML/CFT processes and controls, as well as highlighting any areas that require attention in accordance with regulatory standards.
AML/CFT Training For Board And Staff
We ensure that your Board and staff are properly trained on AML/CFT laws and regulatory requirements, equipping them with the knowledge necessary to maintain compliance and mitigate risks.
Roadmap
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01
Choice of Jurisdiction
The first step involves selecting the jurisdiction where the entity will be incorporated. The options include Dubai World Trade Centre (DWTC), Dubai Multi Commodities Centre (DMCC), or Dubai
Economic Department (DET).
02
Initial Disclosure Questionnaire
Once the jurisdiction is selected, the entity will receive an Initial Disclosure Questionnaire. This questionnaire must be completed and submitted to the Regulator for review.
03
Full Document Submission
The Regulator will review the submitted Initial Disclosure Questionnaire. During this review process, the Regulator may issue a Request for Information (RFIs) to seek clarifications regarding the application and the business model. If the Regulator is satisfied with the initial submission and any additional information provided, the Initial Approval (IA) or Approval in Principle (AAN) will be granted.
04
Initial Approval (IA) / Application
Acknowledgement Notice (AAN)
Following the IA/AAN, the entity must compile and submit a comprehensive list of documents to the regulator. This submission includes approximately 65 sets of documents, ensuring compliance with the relevant rulebooks and regulatory requirements.
05
Regulatory Evaluation
The Regulatory will evaluate the submitted documents. This step often involves multiple iterations, with the Regulator requesting amendments or additional clarifications. Typically, this process can take up to 2-3 rounds to finalize the submissions and meet all regulatory requirements.
06
Receipt of License
Upon successful completion of the evaluation process and satisfaction of all regulatory requirements, the entity will receive the VARA license, officially authorizing it to operate within the chosen jurisdiction.
Why Choose Us?
Expertise In AML/CFT Compliance
ACX Compliance is a leader in AML/CFT services, with a team of experienced MLROs who are well-versed in the latest regulations and best practices.
Proactive Risk Management
Our approach to AML/CFT compliance is proactive, focusing on identifying and mitigating risks before they become significant issues.
Tailored Solutions
We understand that every business is unique, so we provide customized strategies and solutions that align with your specific regulatory obligations and operational needs.
Commitment to Excellence
At ACX Compliance, we are dedicated to delivering top-quality audit services that help your organization maintain high standards of regulatory adherence and operational integrity.
Ongoing Support
Beyond just offering MLRO services, we provide continuous support and training to ensure your team stays informed and prepared to handle any AML/CFT challenges that arise.
Expertise With
Have any questions?
Get insights on our compliance services, how we streamline regulatory processes, and safeguard your crypto operations.
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