Regulatory Compliance

~ Navigating Regulatory Compliance for the UAE Market

Compliance Enhancement and Transformation

In the pursuit of sustainable compliance development, enhancement, and transformation, Nummo offers comprehensive solutions to help organizations identify and adhere to their regulatory requirements and obligations. We specialize in increasing the effectiveness and efficiency of entire compliance programs by evaluating how organizations can seamlessly integrate technology, processes, and people across their operations. Our aim is to foster a positive compliance culture within organizations while establishing senior management oversight of the overall compliance framework.

Industry-Relevant Solutions

Nummo assists organizations in aligning their compliance programs with the current regulatory environment specific to their industry and geographic jurisdictions. We help anticipate regulatory changes and provide insights into peer practices within their sectors.

Tailored Target Operating Models

Utilizing our proprietary methodology, Nummo assesses organizations' business activities and regulatory obligations to develop target operating models aligned with local regulatory requirements, international standards (ISO 37301:2021), and industry-leading practices.

A Global Compliance Risk Assessment Framework

Nummo's Regulatory Compliance Services and Tools

Our global regulatory and compliance framework is the result of numerous advisory engagements and is continuously updated to align with applicable regulatory expectations, requirements, and guidance, as well as industry-leading practices and standards. This framework allows stakeholders to integrate and automate compliance obligations effectively, responding to control gaps, regulatory changes, trends, and risk assessment results promptly.

~ Process

Statutory Audit Procedure

Understanding the Operating Environment

We meticulously evaluate the operational landscape and regulatory parameters pertinent to your industry, ensuring strict adherence to ethical standards and industry benchmarks. This in-depth analysis enables us to tailor our audit procedures.

Assessing Internal Controls

Our adept auditors scrutinize your organizational controls through interactions with staff, perusal of industry literature, and examination of prior audit findings. This comprehensive review aids in identifying operational intricacies and pinpointing areas ripe for enhancement.

Thorough Control Testing

Employing stringent methodologies, we rigorously test corporate protocols and operational frameworks to gauge their efficacy in thwarting fraud and error. Our aim is to ascertain that your internal controls are robust, and diligently implemented by all stakeholders.

Comprehensive Account Examination

We meticulously scrutinize account balances to validate financial accuracy and completeness. Additionally, we conduct thorough assessments of bank transactions, insurance records, and investment portfolios to ensure regulatory compliance.
Compliance Program Maturity Assessment:

Nummo conducts a comprehensive maturity assessment of compliance programs in three phases:

  1. Assessment of the current state of the compliance program
  2. Identification of gaps in the compliance program
  3. Recommendation and implementation roadmap for developing an enhanced compliance target operating model and framework
Compliance Framework Design and Implementation Support

Nummo assists organizations in developing and executing enhanced compliance management programs, implementation roadmaps, and systems aligned with future target operating models. This includes:

  • Development of compliance policies and procedure manuals
  • Identification and evaluation of key laws and regulations
  • Development of a risk-based obligation register
Compliance Risk Hub

Nummo's Risk Hub is a web-based model that automates compliance monitoring, reporting, and testing activities. It maintains a list of applicable laws/regulations, sets accountability and ownership for compliance activities, provides real-time visibility of compliance obligations, and increases productivity through efficient data sharing.

Why Choose us?

To address the regulatory compliance needs of our clients, Nummo provides:

  • Industry and Regional Expertise: Organizations can leverage the extensive experience of Nummo's specialists in various sectors and regions. Our team is equipped with deep knowledge and understanding of sector-specific regulations and regional jurisdictional nuances.

  • Global Service Delivery: With a broad network of member firms, Nummo can assemble compliance service delivery teams across the globe. We collaborate seamlessly with our member firms to cater to our clients' specialized and multi-jurisdictional needs and requirements, ensuring consistent and comprehensive support wherever they operate.

  • Consistency in Approach: Nummo adheres to common professional development standards, methodologies, and forms across its network. This consistency ensures that our clients benefit from a unified approach and response to their compliance needs, requirements, and challenges, irrespective of their location or industry.

Contact Us Today

Ready to take the hassle out of regulatory compliance and focus on growing your business with confidence?

Get in touch with our team at Numoo to learn more about our comprehensive compliance solutions tailored for the UAE market. Let us be your trusted partner on the path to regulatory compliance excellence and business success.

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About Us

Numoo is committed to redefining the landscape of financial management and fostering business prosperity in a rapidly evolving economy.

Support

Address: Dubai, UAE

Phone: +971 58 659 8810

Email: info@numoouae.com

Open: Monday – Friday

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