What is banking compliance and why is it important?

Banking compliance refers to the process and controls that banks put in place to ensure they adhere to applicable laws, regulations, and industry standards. It is crucial to manage legal risk, build trust with regulators, and maintain operational integrity.

Which regulations are applicable to banks in the UK?

In the UK, banks must comply with regulations such as the Financial Services and Markets Act, Prudential Regulation Authority (PRA) rules, Financial Conduct Authority (FCA) regulations, anti‐money laundering (AML) laws, and data protection requirements.

Do you assist with obtaining banking licences and regulatory authorisations?

Yes. ABM Global Compliance provides support throughout the process of obtaining banking licences and regulatory authorisations, including preparing documentation, liaising with regulators, and ensuring ongoing compliance.

What is involved in a banking compliance audit?

A banking compliance audit involves reviewing policies, systems, and practices to identify gaps in regulatory compliance; assessing risk exposure; and recommending corrective actions to ensure full compliance with applicable regulatory standards.

How can strategic compliance solutions help my bank?

Strategic compliance solutions help banks align their compliance frameworks with business goals, implement robust systems for risk mitigation, and stay ahead of regulatory changes to avoid fines and reputational damage.

How do you monitor changes in banking regulation?

ABM Global Compliance tracks regulatory updates from bodies such as the FCA, PRA, and other relevant international regulators and reviews internal policies accordingly; we also provide advisory services to adapt to new requirements quickly.

Is there ongoing support after compliance frameworks are set up?

Yes. We offer ongoing monitoring, periodic reviews, staff training, compliance reporting, and adjustments to your framework as regulations evolve.

How do I start working with ABM Global Compliance for banking services?

You can contact us via phone at +44 207 515 7080 or email info@abmglobalcompliance.com/ae. We begin with a discovery call to understand your needs, then propose a tailored compliance plan.

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Designing Comprehensive Compliance Frameworks for Banks

ABM Global Compliance develops and implements end-to-end compliance frameworks for UAE banks and financial institutions. Our frameworks align with supervisory requirements from the Central Bank of the UAE (CBUAE) and Ministry of Finance. We design governance structures, conduct risk policies, AML/CFT programs, operational risk procedures, and outsourcing controls. We also integrate automated monitoring tools to support real-time risk assessment, ensuring institutions remain resilient, scalable, and compliant with CBUAE standards.

AML/CFT Program Development & Reviews

We help UAE banks comply with Federal Decree-Law No. 20 of 2018, Cabinet Decision No. 10 of 2019, and CBUAE AML/CFT Guidelines. Our services include developing CDD/EDD processes, sanctions screening, transaction monitoring, and STR/SAR reporting. We also conduct independent AML/CFT audits and compliance health checks, ensuring banks are prepared for inspections and supervisory reviews.

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Regulatory Licensing & Advisory for Banks

ABM advises on regulatory submissions and licensing for UAE banks, finance companies, and foreign bank branches under the Banking Law and CBUAE rulebooks. We assist with new license applications, cross-border compliance, and regulatory gap assessments, ensuring alignment with prudential, governance, and conduct requirements.

Outsourced Compliance Functions

We provide outsourced compliance roles such as Chief Compliance Officer (CCO), Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO). Our outsourced solutions cover regulatory reporting, governance updates, monitoring support, and risk advisory—helping banks achieve cost-effective compliance without sacrificing quality.

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Banking-Specific Training and Capacity Building

ABM delivers customized training programs for UAE banks. Training covers AML/CFT obligations, conduct risk, outsourcing requirements, CBUAE guidelines, and internal controls. Using workshops, simulations, and e-learning, we help foster strong compliance cultures within institutions.

Internal Audit & Regulatory Readiness Reviews

We conduct independent audits and mock regulatory inspections in line with CBUAE supervisory expectations. Our reviews assess AML/CFT, KYC, risk management, and governance controls, with actionable remediation plans to strengthen regulatory readiness.

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Cross-Border & Global Banking Compliance

For UAE banks with international operations, ABM advises on FATCA, CRS, and FATF standards. We help align group-level compliance frameworks across jurisdictions such as FCA, HKMA, EU AMLD, and FinCEN, ensuring seamless global regulatory coordination.

Ongoing Compliance Support

We offer retained advisory with quarterly reviews, regulatory update briefings, and compliance dashboards. Our proactive alerts on new regulations ensure institutions remain compliant and well-prepared for supervisory inspections.