Header Image
  • Print
  • Share

Introduction

 

Located in the UAE’s main financial hub - the Dubai International Financial Centre (DIFC) - Crowe Horwath is one of the few advisory firms that are in the business of providing complete risk solutions to companies incorporated or to be incorporated in the Financial Centre.
 

In a country like the UAE where compliance procedures evolve every so often, businesses in highly regulated industries such as financial services, health care and education, in particular, face acute challenges.
 

Lately, the country has had a significant rise in regulatory bodies working independently of each other, with respective set of rules, policies and requirements. As these regulations increase, stakeholders’ expectations rise and businesses are exposed to a greater degree of compliance risk than ever before.

 

Because of the vast number of regulatory guidelines for compliance, it can be easy for business owners to find themselves in violation, leaving their companies open to stiff penalties and even dissolution. Therefore, having a complete and thorough understanding of corporate compliance is crucial to protecting your business for the years to come.

 

At Crowe Horwath, we understand that compliance requirements can be complex, and business owners may be aware about the latest rules and regulations but finds it difficult to implement or keep track of changes in laws and regulations. Our objective is to contribute to recognising the need for action, help you create an imperative towards greater compliance, and protect your business’ legal and financial standing. After all, when it comes to non-compliance issues, ignorance of the law is no defense.

 

We offer appropriate, tailored, transparent and easy-to-understand compliance advice that provides a sense of comfort, knowing that your business is running without the risk of non-compliance issues.

 

Risk overview

 

Today, more than ever, your business is exposed to significant risks that could have a long-term adverse effect on your assets, financial situation or profitability.

According to the 2016 Global Risks Report, risks are becoming increasingly imminent and materialising in new and sometimes unexpected ways. Existential threats confronting companies today are multiplying, such as new competitors, regulatory complexities, supply chain fragility and cyber-threats, to name just a few. Understanding the drivers of these global risks will help to boost policies and strengthen risk governance.

And as the UAE moves to ensure fairness, transparency and accountability across all industries, the country continues to witness fresh regulatory enhancements with each passing day. Fast-evolving regulatory changes and enhancements are of paramount importance to both businesses and citizens as well as the government authorities, as they offer better levels of protection to consumers and service providers.

At Crowe Horwath, our major service offerings are designed to support your overall risk management efforts, particularly in the areas of;

  • Enterprise risk
  • Regulatory and compliance risk
  • Technology risk
  • Fraud risk
  • Business and operational risk

We can help you assess, design, and implement enterprise risk management capabilities, by;

  • Evaluating the effectiveness and efficiency of current risk responses against the full breadth of strategic, operational, financial and compliance risks
  • Identifying and assessing risk to the achievement of your business objectives
  • Reducing the cost and improving the effectiveness of your governance, risk and compliance activities
  • Evaluating the effectiveness of your risk culture
  • Aligning your risk strategy with performance

Our complete service offerings include enterprise risk management (ERM), internal audit, information technology (IT) audit, Anti-Money Laundering (AML), regulatory compliance consulting and fraud-risk consulting.

To learn more, contact

Saad Maniar

Senior Partner

  +971.50.5517590     saad.maniar@crowehorwath.ae


Contact Us
Mr. Zayd Maniar
21st Floor, The Prism Tower,
Business Bay, Dubai, UAE
zayd.maniar@crowehorwath.ae Tel: +971 4 4473951

   

Additional Contacts: