Compliance outsourcing and consultancy services

The dynamic financial environment demands professional compliance facilities like outsourcing and consultancy services. Total Solutions Middle East responds to this need with an innovative approach and offers compliance outsourcing and consultancy services to its clients.

Compliance Outsourcing

DFSA requires the accredited firms to appoint an Authorised Individual to perform the compliance and money laundering reporting officer (MLRO) functions. Firms have the option to hire either full time employees or outsource the compliance and MLRO responsibilities to Total Solutions Middle East (TSME). When services are outsourced to TSME, one of the TSME’s experienced compliance specialists becomes the firm’s designated person for the compliance functions and operates under the firm’s instructions and responsibility.

TSME’s compliance consultant can also be appointed as the firm’s risk reporting officer, a responsible person for data protection and as company secretory. Since 2004, TSME has built up a strong reputation in DIFC and has a sound relationship with the concerned authorities.

TSME’s agreement covers detailed job description and everything that a firm and DFSA can expect from a compliance officer/money laundering reporting officer.

Compliance Training

Total Solutions Middle East provides personalized compliance training solutions to accomplish your firm’s training and continuous development program needs in this fast pace world. The training and awareness programs provided by our proficient compliance consultants to your employees upgrade their regulatory knowledge and enhance best practices to minimize risk to your Firm. Our consultants follow the hands-on approach to allow your employees to utilize a vast combination of theoretical knowledge and practical examples while integrating the cutting-edge globally accepted best practices.

Some examples of training and awareness programs provided by TSME are as follows:

  • Introduction to the DIFC/DFSA regulatory regime
  • Being regulated: how to comply with DFSA guidelines?
  • Annual compliance training (conduct of business)
  • Corporate governance and the compliance function
  • Annual Anti Money Laundering (AML) training to financial services providers, ancillary services providers, and non-financial business and professions

DFSA Authorisation

Willing to establish your firm’s presence in the UAE and the region? Total Solutions Middle East (TSME) can be trusted for all the regulatory authorisation process. TSME has assisted many companies in DIFC (Dubai International Financial Centre) incorporation and DFSA (DIFC regulator) authorization with the help of adept compliance consultants. Shortly after opening, TSME started her ADGM (Abu Dhabi Global Markets) office. Our professionals can take care of all documents and procedures required for DFSA or FSRA (ADGM regulator) authorisation. Starting from application forms, manuals and procedures to regulatory business plan – everything is well managed by our consultants who also advice you on the workable methods of dealing with regulatory requirements. They also introduce you to other relevant service providers like accountants, lawyers and auditors, etc. to attend all meetings with the regulators in DIFC or the ADGM.

Contracting with TSME speeds up the process and makes DFSA or FSRA authorization a hassle-free process for you.

If you need to hire employees prior to authorisation when the authorisation process is taking longer than expected, then TSME’s HR solutions might be helpful.

AML Manuals

Business Continuity Planning

We believe it is important to foster a strong compliance culture within your Firm to safeguard and enhance your corporate reputation. All Firms’ operating in the DIFC and the ADGM must ensure that employees comply with internal policies and procedures. They must also comply with external rules and regulations in order to maintain a transparent and open relationship with both clients and regulators.

TSME’s compliance and AML manuals comply with all regulatory and business requirements and can be tailored to the scale and business model of your Firm. Our manuals are regularly reviewed to reflect the latest regulatory and business trends.

A TSME consultant can also review your existing manuals and procedures and ensure that they reflect all regulatory requirements and your firm’s needs.

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Tuesday 16th May, 2017 - 8:46

Total Solutions Total Solutions has been operating in the Dubai International Financial Centre ("DIFC") since 2004 and in the Abu Dhabi Global Market (ADGM) since 2016 and is

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