The Compliance Auditing and Monitoring Policy serves as a crucial governance document for organizations operating in the United Arab Emirates' complex regulatory environment. This policy is essential for establishing systematic approaches to compliance monitoring, risk assessment, and audit procedures while ensuring adherence to UAE federal laws and regulations. The document becomes particularly important in light of the UAE's enhanced focus on corporate governance, anti-money laundering measures, and regulatory compliance across various sectors. The policy includes comprehensive guidelines for internal controls, reporting mechanisms, and compliance verification procedures, making it an essential tool for organizations seeking to maintain regulatory compliance and manage risk effectively. The policy should be implemented when organizations need to establish or update their compliance monitoring framework, particularly in response to new regulatory requirements or organizational changes.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Purpose and Scope: Defines the objective of the policy and its application scope within the organization
2. Regulatory Framework: Overview of applicable UAE laws, regulations, and standards that govern the compliance program
3. Definitions: Clear definitions of technical terms, regulatory references, and key concepts used throughout the policy
4. Roles and Responsibilities: Detailed outline of responsibilities for board, management, compliance officers, and employees
5. Compliance Risk Assessment: Methodology for identifying, assessing, and prioritizing compliance risks
6. Audit Program Structure: Framework for conducting internal audits, including frequency, scope, and methodology
7. Monitoring Procedures: Specific procedures for ongoing compliance monitoring activities
8. Documentation Requirements: Standards for maintaining compliance records and audit trails
9. Reporting Procedures: Protocols for internal reporting and external regulatory reporting
10. Training and Education: Requirements for compliance training programs and maintaining competency
11. Non-Compliance Management: Procedures for handling violations and implementing corrective actions
12. Review and Updates: Process for periodic review and updating of the policy
1. Industry-Specific Compliance Requirements: Additional section for sector-specific compliance requirements (e.g., financial services, healthcare)
2. Free Zone Specific Requirements: Additional requirements if the organization operates in UAE free zones
3. Technology and Systems: Details of compliance management systems and tools when automated monitoring is implemented
4. Third-Party Compliance: Procedures for monitoring vendor and partner compliance when applicable
5. Remote Working Compliance: Specific procedures for monitoring compliance in remote working scenarios
6. International Compliance Standards: Additional section for organizations subject to international compliance requirements
1. Compliance Risk Assessment Matrix: Template and methodology for risk assessment scoring
2. Audit Program Calendar: Annual schedule of planned audits and monitoring activities
3. Reporting Templates: Standardized forms for various compliance reports and notifications
4. Regulatory Reporting Requirements: Detailed list of UAE regulatory reporting requirements and deadlines
5. Training Program Outline: Detailed curriculum for compliance training programs
6. Compliance Monitoring Checklist: Comprehensive checklist for regular compliance monitoring activities
7. Incident Response Procedures: Detailed procedures for handling compliance incidents
8. Key Regulatory Contacts: List of relevant regulatory authorities and contact information
9. Document Retention Schedule: Schedule for retention of compliance-related documents as per UAE requirements
Find the exact document you need
Compliance Auditing And Monitoring Policy
UAE-compliant policy framework for organizational compliance auditing and monitoring activities, aligned with UAE federal laws and regulatory requirements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)