Outsourced MLRO Service

Outsourcing Compliance Officer & MLRO services with MS in ADGM provides you dedicated professional with relevant experience and expertise ensuring regulatory adherence, risk mitigation, and robust AML/CFT frameworks. We're here to enhance your business by offering customized, budget-friendly compliance solutions with an unwavering commitment to objectivity.

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Let MS empower your business in ADGM

Mohammad Shafeek

Founder & Group CEO, MS

Let MS empower your business in ADGM

Focus on Growth, We Minimize Risk

MS offers efficient MLRO (Money Laundering Reporting Officer) services for companies in ADGM, ensuring robust adherence to regulatory requirements set by the Financial Services Regulatory Authority (FSRA). We provide valuable assistance and expert views on compliance issues, independent reviews of business operations, and effective risk mitigation strategies. By outsourcing MLRO services to MS, companies gain access to a dedicated team with up-to-date knowledge, eliminating the need for in-house staff training and infrastructure investment. This strategic approach allows organizations to focus on core competencies while maintaining compliance with ADGM's stringent regulatory framework.

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Are you in a hurry? reach us on +97123093344 or
info@ms-ca.com

Why MS
as your Outsourced MLRO/Compliance officer in ADGM

If you are outsourcing MLRO/ Compliance Officer with MS in ADGM, cost-efficiency and access to high-quality compliance services is what we guarantee. We can be your trusted partner, permit more recent or smaller financial organizations to have access to specialized compliance knowledge without having to create and manage an entire in-house compliance team.

Be super compliant in your business with MS

Frequently Asked Questions (FAQ)

Why is a MLRO required in Company incorporated in ADGM.

The MLRO is responsible for overseeing and managing the organization's anti-money laundering (AML) and counter-terrorist financing (CTF) activities within the ADGM jurisdiction. This includes implementing policies, procedures, and controls to detect and prevent money laundering and illicit financial activities.

Can the MLRO role be outsourced in ADGM

Yes, Companies can outsource their MLRO role along with compliance officer responsibilities to an outsource applicant, provided that such person or entity has the knowledge, experience and capability to effectively fulfil the responsibilities as prescribed by the authority.

Which companies in ADGM requires to have a MLRO ?

In general, financial institutions and entities involved in financial services are often required to have an MLRO to ensure compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This includes banks, investment firms, insurance companies, and other Designated Non-Financial Businesses and Professions (DNFBPs) such as real estate sector, auditors & accountants, lawyers, notaries & other legal professionals’ company & trust service providers and dealers in precious metals and stones.

What are Suspicious Activity Reports (SARs) and Suspicious Activity Reports (STRs)

SARs and STRs are document which financial institutions are required to file with financial intelligence units (FIUs) when they detect unusual or suspicious transactions. In the United Arab Emirates (UAE), financial institutions are mandated to submit SARs and STRs to the Financial Intelligence Unit to combat money laundering and terrorist financing. This framework enhances the country's vigilance in safeguarding its financial system from illicit activities.

How does the MLRO manage the process of filing Suspicious Activity Reports (SARs) and maintaining a strong relationship with the Financial Intelligence Unit (FIU) in ADGM?

The MLRO will establish efficient procedures for identifying and reporting suspicious activities, ensuring timely and accurate filing of SARs with the FIU. Maintaining open communication with the FIU is a priority, and the MLRO will collaborate with them as needed.

Reach out to us for all your inquiries in and around ADGM. Rest assured, our dynamic team at MS provides you with the best solutions for financial and advisory services including compliance to tax, accounting and bookkeeping.

Get the Right Guidance.

Reach out to us for all your inquiries in and around ADGM. Rest assured, our dynamic team at MS provides you with the best solutions, including assistance with ADGM incorporation and compliance in the UAE.

Get the Right Guidance.