Key Accountabilities

• Establishing policies and procedures to interpret laws, regulations, Guidelines into the business and providing advice.
• Developing robust and sustainable AML control framework.
• Conducting monitoring for potential money laundering and other breaches of conduct of business regulations.
• Establishing and maintaining accreditation and KYC procedures.
• Mandatory regulatory report filings.
• Managing regulatory inspections and relationship with regulators.
• Identifying new regulatory developments and reviewing their impact on business.
• Provide training and support to management and employees on how to fulfil their regulatory duties.
• Assisting management in enforcing country regulations and Group policy.
• Overseeing that POS tools and equipment are functional and compliant.
• Delivering Compliance Management reports and board reports.
• Overseeing Financial Statutory and regulatory reports are submitted within required deadline.
• Ensuring that the business and products are fully licensed and undertake license renewal where required.
• Receive Internal Suspicious Activity reports from employees and analyse them to take appropriate decisions to report to FIU.
• Cooperate with and provide the FID with all information it requires for fulfilling their obligations.
• Develop and execute AML/CFT training programs considering all relevant risks of ML/FT and financing illicit organizations including the ways/means for addressing them.
• Provide necessary reports to the Board of Directors and Compliance Committee on all AML/CFT issues, on a quarterly basis at a minimum.
• Arrange to retain all necessary supporting documents for transactions, KYC, monitoring, suspicious transaction reporting and AML training for the minimum period for record retention.
• Conduct regular gap analysis between the Licensed Person’s existing AML/CFT Procedures and current Laws, Regulations, Notices and the Standards of the Oman in order to determine the extent of the Licensed Person’s level of compliance.
• Ensure day-to-day compliance of the business against internal AML/CFT policies and procedures.