Awais Safdar Aca - Fcca - Cams - Cauae Email & Phone Number

Dubai, Ae

United Arab Emirates

Economic Substance Reporting:- Supporting in DMCC’s role as a Regulatory Authority for the UAE Economic Substance Reporting process.- Development of regulatory framework to ensure continuous compliance of FZ member companies with economic substance reporting.- Assisting in creation and implementation of internal framework for DMCC to cover the following; o Information provision to DMCC member companies. o Verification of ESR Notification and report submissions. o Liaising with external consultants and MoF to ensure that DMCC’s responsibilities are met.Role of Supervisor in goAML for DNFBPs:- Provide a framework to deliver further guidance, information and supervision of DNFBPs.- Review existing DNFBP sectors and underlying licenses to ensure registration on goAML platform.- Providing support to Ministry of Economy for identification of DNFBPs.- Identification of compliant and non-compliant DMCC member companies.Special Investigations and STR/SAR Reporting:- Taking lead on investigations and reports which includes: o background checks. o financial analysis. o analysis from publicly available information sources.- Preparing and issuing investigation reports with recommendations. - Ensuring implementation and follow-up of outcome of investigations.- Preparation and filing of Suspicious Transaction/ Activity Reports (STRs/ SARs) based on internal investigations or other triggers (acting as Money Laundering Reporting Officer MLRO of DMCC).Regulatory Enquiries & Assurance:- Taking lead on responses to all communications received from Ministry of Finance & Ministry of Economy in respect to DMCC member companies.- Taking lead in effective implementation of Revised AFS Framework, in particular: o implementing automated procedures o take lead on AFS reviews.- Screening of Audit firms applying to be part of Approved Auditor List.- Recommendation based on assessments to AA panel regarding approval status.

Dubai, United Arab Emirates

- Based on internal investigations or external triggers, Evaluation, Preparation and Filing of Suspicious Transaction/ Activity Reports (STRs/ SARs) on goAML platform.- Liaison with Ministry of Economy (MoE) and Financial Intelligence Unit (FIU) for these cases.

Jumeirah Lakes Towers

• Development and assisting in drafting of DMCC Rules, Policies and Procedures like PMOT policy and DMCC AML /CFT Rules.• Review of approved auditors as per Approved Auditors (AAR) and suggest suitable ranking based on complete analysis to the Panel.• Preparing and issuing Compliance investigation reports with recommendations.• Development of assurance framework and protocol and assisted in identification of risks associated with high risk licensed activities.• Assisted in development of regulatory policy frameworks for precious metals trading.• Joint inspections with Securities and Commodities Authority (SCA) and DGCX.• Sector wise review of high risk DMCC Member companies Audited Financials, inspections reports and provide recommendation for compliance decisions.• Preparation of file notes, cease and desists letters in rest of investigation of cases.• Onsite assurance visits and ORI with Inspection section to achieve DMCC strategic objectives of compliance department.

United Arab Emirates

• Review of audited financial statements submitted by member companies under authority to ensure that companies are complying with International Financial Reporting Standards (IFRS), Generally Accepted Accounting Practices (GAAP) and DMCC rules and regulations.• For high risk entities, detailed review of financial records to highlight any abnormality and non-compliance.• Reassessing significant estimates and policies adopted by management in preparation of financial records as an authority’s view.• Use of different analytical techniques like trend analysis and reasonableness testing etc.• Assessing level of quality of audit done by different audit companies and give suggestion to enhance quality of listed auditors.• Consideration of basis of qualified audit opinion, Emphasis of matter paragraph, other matter paragraph and limitation of scope, if any.• Resolve queries of clients regarding financial statements and reporting periods through case management system in Salesforce within desired timeline. • Ad hoc reconciliations like Reporting period in Salesforce with MOA of companies etc. • Timely delivery of quality-produced reports required by Compliance team.

United Arab Emirates

Ramee Group of Hotels, Resort and apartment consist of 35 leading business and leisure hotels located in the All over United Arab Emirates, Bahrain, Oman and India. The Ramee group of hotels is known as strongest upcoming hotel chain in Middle East & India.Key Responsibilities:• Assist and facilitate the Finance Controller in achieving organization’s financial strategies.• Responsible for AP/AR management i.e. aging of customer and suppliers and follow-ups.• Preparation of revenue and expense budget and review of variance on monthly basis.• Monitoring cash flow position to ensure that optimum level of funds for the smooth running of operations.• Overseeing financial accounting, management accounting, payroll, cash flow, and stock control.• Review of credit facility for new companies and existing companies.• Responsible to identify the bottlenecks and control weaknesses in accounting procedures and recommending the suitable procedures for smooth operations of department.• Liaison with internal and external auditor to facilitate them to achieve the objectives of assurance engagements.• Preparation of income statement, balance sheet based and variance analysis for management control purpose on monthly, quarterly and annual basis. Mainly for Real Estate, Hotel and Laundry.

Pakistan

PKF International (PKFI), the eleventh largest network of accounting and business advisory in the World. Which offers Auditing, Taxation, Management, IT, Accounting and Legal & Secretarial Consultancy and other related assistance to local and foreign private, public and other organizations.Key Areas of Experience and Responsibilities:• Development of general strategy and detailed audit plan.• Making detailed time budgets and coordinating with the staff to meet the reporting deadlines.• Identifying areas of potential risk.• Obtaining an understanding of accounting and internal control system.• Assessing the control risk at preliminary stage.• Evaluating the effectiveness of the design and operations through test of controls.• Identifying weaknesses, addressing risk and giving suggestions to improve internal control system.• Addressing and resolving significant accounting and auditing issues rose.• Obtaining sufficient appropriate audit evidence through substantive and analytical procedures and physical stock counts.• Complying with the International Financial Reporting Standards (IFRS) and International Standards on Auditing.• Preparing annual financial statements for the statutory purposes as assignments.

Pakistan

OGDCL is the National Oil & Gas Company of Pakistan and the flagship of the Country’s E&P sector. The OGDCL is Pakistan’s leading company operating in Pakistan as a Leader andPioneer in the natural gas exploration & production market.Key Departments of Experience:• Inventory & Fixed Assets.• Cash & Bank. • Accounts Payables/ Receivables.• Final Accounts.

Pakistan

• Took part in development of plans for different assignments.• Assessment of controls of Companies to assess potential risk.• Vouching of different types of transactions.• Addressing and resolving significant accounting and auditing issues rose.• Obtaining sufficient appropriate audit evidence through substantive and analytical procedures and physical stock counts.• Complying with the International Financial Reporting Standards (IFRS) and International Standards on Auditing.

Chartered Accountant (Ca)

The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization that promotes, develops.

Bachelor Of Science - Bs, Applied Accounting

The Oxford Brookes University (OBU) and the Association of Chartered Certified Accountants (ACCA) have a unique partnership that offers.

Certified Anti-Money Laundering Specialist (Cams), Anti-Money Laundering And Counter-Terrorism Financing

In 2001, ACAMS set out with the mission to set an international standard for testing the knowledge of those entrusted with the detection.

Uae Chartered Accountant, Audit, Accounts And Finance

The Accountants & Auditors Association (AAA) is the national accountancy body of the United Arab Emirates. AAA is a not-for-profit.

Acca Fellow Member (Fcca) - Uk, Accounting, Finance & Audit

ACCA (Association of Chartered Certified Accountants) is an U.K base qualification, where my major subjects were Financial Reporting.