Upright MC

"As we step into 2025, we at Upright Management Consultancy extend our warmest wishes for the New Year! We are grateful for the trust you have placed in us to manage your auditing needs, and we look forward to continuing to provide you with reliable and accurate services. May this year bring you success, growth, and new opportunities. Together, let's achieve new heights of financial clarity and business excellence!" Visit our website: www.uprightmc.com #uprightmc #HappyNewYear #newyear #newyear2025 #business #consulting #auditing #auditingservices #banking

Merry Christmas from all of us! May your holidays be filled with peace and happiness. #uprightmc #happychristmas #merrychristmas #business #consulting #auditing #auditingservices #banking

Celebrating Eid Al Etihad with pride, unity, and a commitment to sustainability. Together, we shape the UAE’s future with tradition and innovation! #uprightmc #EidAlEtihad53 #UAE53 #ForUAE

On this Commemoration Day, let us pledge to keep the stride forward with the same pride and patriotism that kindled their brave hearts. #uprightmc #CommemorationDay

Every year on November 3rd, the United Arab Emirates joyfully celebrates Flag Day, a momentous occasion that honors the flag as a powerful emblem of the nation's unity, pride, and identity. This day resonates deeply with Emiratis, serving as a reminder of our rich heritage and the shared journey that has shaped the UAE. Happy Flag Day, UAE! Let’s come together to celebrate our unity and common aspirations as we look forward to a bright future. #FlagDay #UAE #Unity #Pride

Our expert professionals will design and implement comprehensive Training, definitions, typologies as well as recent trends. Training materials will cover, at a minimum: * Reviewing Training Modules, Materials, Logs and frequency. * Assessing ML/FT risks associated with the products and services offered by the Financial Institution and measures to mitigate risks in reference to CB guidelines. * Highlighting changes required in Policies and Procedures. * Explaining regulatory responsibilities/obligations of employees as per AML/CFT Laws and Regulations. Stating roles of the Compliance Officer and Alternate Compliance Officer. * Illustrating KYC process, Due Diligence measures, Sanction screening, and FPEP screening procedures. * Identifying and analyzing unusual transactions or transaction patterns or customer behaviors; defining processes and procedures of making internal disclosures of unusual transactions. * Testing staff awareness and effectiveness of training sessions conducted. * Explaining Tipping off and Record retention policy. * Signifying Penalties for Non-compliance with the AML/CFT Laws and Regulations. * Training Modules including;- (Compliance & AML/CFT, Corporate Governance, Risk Management, Sanctions, and FATCA/CRS) For more Services -> www.uprightmc.com #uprightmc #consultancy #financialservices #accountingservices #auditingservices #humanresources #advisoryservices #businesssetup #compliance #corporate

Reviewing a risk-based approach comprising customer risk profiling and updating the KYC form, customer acceptance, and identification procedures, including Sanction screening. Understand and effectively Manage Risks, and continuously improve control. We aim to perform a high-level Risk Assessment at an organizational level. This includes: * Developing Enterprise-Wide Risk Assessment (EWRA) Policy for Risk Management Function. * Performing detailed process-level risk assessment and reviewing end-to-end business processes. * Designing Risk Registers & Key Risk Indicators, including Credit Risk, Operational Risk, Market Risk, Liquidity Risk, Counterparty Risk, Reputational Risk….etc. * Defining Risk Management role and responsibility. * Performing Gap Analysis by evaluating the components of the Internal Control Environment, specifically: Control Environment; Risk Assessment; Instituting Controls; Information and Communication System; and Monitoring Activities and Correcting Deficiencies. * Make informed decisions about Risk Appetite and implementation of Control efforts, allocation of resources, and Technology spending. * Assist Management in understanding how the structure of a Business Unit or Business Line’s Program aligns with its Risk Profile * Develop Risk Mitigation Strategies including applicable Internal Controls and therefore lower a Business Unit or business line’s Residual Risk exposure. For more Services -> www.uprightmc.com #uprightmc #consultancy #financialservices #accountingservices #auditingservices #humanresources #advisoryservices #businesssetup #compliance #corporate

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. (Institute of Internal Auditors). Focusing on adding value to the client’s operations, we provide the following services related to Internal Auditing and Internal Control with a risk-based methodology: * Internal Audit outsourcing * Co sourcing of Internal Audit function * Assist in setting up an independent internal audit function within the organization * Internal Audit Quality Assurance Review * Review of control environment based on COSO Framework and relevant regulatory requirements and the related policies, procedures, process,es and people * Review of manual versus automated processes and control in place. * Provide assistance, guidance, and expert opinion to implement recommended changes. * Review of Disaster Recovery and Business Continuity Planning. * Development of required policies and procedures. For more Services -> www.uprightmc.com #uprightmc #consultancy #financialservices #accountingservices #auditingservices #humanresources #advisoryservices #businesssetup #compliance #corporate

We aim to provide advisory and consultation services with respect to all regulatory and business efficiency matters whenever required in an instant manner. This includes: * Compliance & Corporate Governance Services. * Organizational Restructuring. * Organization-wide Policies and Procedures, including Authority Matrix. * Development of Terms of Reference / Charters for various committees (as appropriate). * Regulations related to Banking / Exchange business. * Setting up Compliance, Internal Audit, Operations, Business Units, and Corporate Governance functions. * Enterprise Risk Management. * AML and CFT regulations. * Financial Crime Risk Assessment (FCRA). * Correspondent Banking Relationship. * Internal Auditing & Internal Control Services. * Transaction Monitoring Systems and Screening Systems. * Technology Consulting & Core Services * IT System Technology Services For more Services -> www.uprightmc.com #uprightmc #consultancy #financialservices #accountingservices #auditingservices #humanresources #advisoryservices #businesssetup #compliance #corporate

An organization has to embrace the best practices of Corporate Governance to comply with regulatory requirements and to face the new business challenges. Design or update Corporate Governance Policies including: * Corporate Governance Manual/ Framework * Mandates & Charters of Committees * Organization Structure & Authority Matrix * Code of Ethical Conduct * Conflict of Interest Policy * Whistleblowing Policy For more Services -> www.uprightmc.com #uprightmc #consultancy #financialservices #accountingservices #auditingservices #humanresources #advisoryservices #businesssetup #compliance #corporate