Outsourced Compliance Services
What We Do
Navigating the challenges of financial services regulation with confidence.
The financial services sector is constantly evolving, with frequent and substantial regulatory updates. This creates a complex environment for organizations to interpret new rules, establish and implement effective controls, and ensure senior management and regulators that these measures remain strong and reliable.
From company registration and licensing to developing compliance programs and providing ongoing support, we work closely with our clients to help them manage regulatory risks across their organization. This includes aligning business strategies, market operations, technology and infrastructure, as well as sales and marketing activities with regulatory requirements.
Our clients:
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Traditional Financial Institutions (TradFi): Asset managers, investment firms, brokers, banks, and insurance companies regulated by the DFSA, ADGM, or Central Bank of the UAE.
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Decentralized Finance (DeFi) Platforms: Token issuers, decentralized exchanges (DEXs), staking platforms, and DAOs requiring compliance with UAE’s crypto token regulations.
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Virtual Asset Service Providers (VASPs): Crypto exchanges, custodians, and wallet providers operating in or entering the UAE.
Why Choose Solvus?
Expertise Across Sectors
At Solvus, we excel in developing compliance frameworks that cater to both traditional financial institutions (TradFi) and decentralized finance (DeFi) entities. Our expertise ensures alignment with key regulatory standards, including the DFSA Crypto Token Framework, ADGM Virtual Asset Regulatory Framework, and the Central Bank of the UAE regulations.
How Solvus Ensures Regulatory Compliance?
Risk-Based Approach (RBA): Solvus applies RBA principles to evaluate client risk profiles, identifying potential vulnerabilities and implementing targeted controls.
Compliance Policy Development: Policies are created and regularly updated to reflect local regulations, including AML/CFT, data privacy, and governance requirements.
Regular Audits and Monitoring: Comprehensive compliance audits ensure alignment with the latest regulatory standards.
Reporting and Filing: Preparation and submission of Suspicious Activity Reports (SARs), financial disclosures, and other mandatory filings to UAE regulators.
How Solvus Ensures Regulatory Compliance?
Risk-Based Approach (RBA): Solvus applies RBA principles to evaluate client risk profiles, identifying potential vulnerabilities and implementing targeted controls.
Compliance Policy Development: Policies are created and regularly updated to reflect local regulations, including AML/CFT, data privacy, and governance requirements.
Regular Audits and Monitoring: Comprehensive compliance audits ensure alignment with the latest regulatory standards.
Reporting and Filing: Preparation and submission of Suspicious Activity Reports (SARs), financial disclosures, and other mandatory filings to UAE regulators.
Outsourced Financial Services
Solvus offers a tailored suite of outsourced financial services to streamline your organization’s financial operations while ensuring compliance with international standards and local regulations. From routine bookkeeping to complex financial reporting, we deliver end-to-end solutions designed to meet the diverse needs of businesses across sectors.
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Traditional Financial Institutions (TradFi): Banks, wealth managers, investment firms, and brokers requiring accurate financial reporting and tax compliance in the UAE.
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Decentralized Finance (DeFi) Institutions: Token issuers, liquidity providers, and staking platforms needing tailored financial solutions for tracking on-chain transactions and managing tokenomics.
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Startups and SMEs: Businesses seeking cost-effective, compliant financial management to support their growth.
Why Choose Solvus?
How Solvus Ensures Regulatory Compliance?
Dual-Sector Expertise: Solvus bridges the gap between TradFi and DeFi financial needs, ensuring comprehensive support for both.
Compliance-Focused Financial Reporting: Adherence to IFRS, GAAP, and UAE tax laws ensures regulatory compliance in every report.
Scalable Solutions: Financial services tailored to meet the dynamic needs of growing businesses and evolving DeFi platforms.
Advanced Technology Integration: Solvus uses modern accounting tools and analytics to provide accurate and real-time insights.
Accurate Record-Keeping: Detailed bookkeeping ensures compliance with UAE financial reporting standards.
Regulatory Reporting: Financial statements are prepared and submitted in line with UAE regulations and international accounting practices.
Tax Compliance: Expert management of UAE VAT filings, tax registrations, and adherence to jurisdiction-specific tax rules.
Audit Support: Comprehensive preparation for internal and external audits to demonstrate financial and operational compliance.
Corporate Secretarial Support
At Solvus, we provide comprehensive corporate secretarial services designed to ensure your organization remains compliant with local and international regulatory requirements. From managing essential governance processes to handling statutory filings, we take the administrative burden off your shoulders, allowing you to focus on strategic priorities.
Who Needs This Service?
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Traditional Financial Institutions (TradFi): Banks, brokers, wealth managers, and other financial institutions needing robust governance frameworks to operate in the UAE.
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Decentralized Finance (DeFi) Businesses: DAOs, token issuers, and decentralized platforms requiring governance and statutory compliance.
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Multinational Corporations: Companies establishing a presence in UAE free zones regulated by the DFSA, ADGM, or other UAE authorities.
Why Choose Solvus?
How Solvus Ensures Regulatory Compliance?
End-to-End Governance Support: Solvus handles all aspects of corporate governance, from entity formation to ongoing compliance.
Regulatory Alignment: Expertise in UAE corporate governance requirements ensures timely and accurate filings with DFSA, ADGM, and other authorities.
Focus on Innovation: Governance support tailored for decentralized platforms, including DAO structures and token-holder frameworks.
Scalable Solutions: Services that grow with your business, providing flexibility for evolving governance needs.
Company Formation and Structuring: Assistance with registration and structuring ensures alignment with UAE laws and regulators like the DFSA and ADGM.
Governance Documentation: Development of board charters, codes of conduct, and governance frameworks that meet UAE standards.
Timely Statutory Filings: Submission of annual returns, director appointments, shareholding changes, and renewals as mandated by UAE regulators.
Board Meeting Management: Comprehensive support for board meetings, including documentation of minutes and resolutions to maintain transparency and accountability.
Compliance Remediation for VARA-Inspected Companies
The Virtual Asset Regulatory Authority (VARA) has established itself as one of the most rigorous regulatory bodies globally, conducting highly stringent compliance inspections. These inspections often expose compliance gaps, operational inefficiencies, and regulatory misalignments, requiring immediate and effective remediation. Solvus provides tailored Compliance Remediation Services to help companies align with VARA’s high standards and navigate these challenges with confidence.
How Solvus Can Help
Why Choose Solvus for VARA Compliance Remediation?
Compliance Gap Analysis
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Conduct a comprehensive review of your organization’s compliance framework to identify deficiencies highlighted by VARA inspections.
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Focus on key areas such as Anti-Money Laundering (AML), Know Your Customer (KYC), transaction monitoring, and governance practices.
Tailored Remediation Plans
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Develop actionable plans to address compliance gaps, ensuring alignment with VARA’s regulatory framework.
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Support the implementation of enhanced policies, procedures, and monitoring tools to meet compliance standards.
Regulatory Reporting and Documentation
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Prepare detailed reports and documentation to demonstrate compliance progress and readiness for follow-up inspections.
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Ensure accurate record-keeping and submission of regulatory filings as per VARA requirements.
Audit Support
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Conduct mock audits to assess readiness for follow-up inspections.
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Provide detailed feedback and guidance to resolve potential issues before official audits.
Ongoing Monitoring and Advisory
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Offer continuous tracking of VARA’s evolving regulatory requirements to keep your organization ahead of compliance changes.
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Provide ongoing advisory services to maintain compliance and mitigate future risks.
Training and Awareness
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Equip compliance teams with training on VARA’s latest regulations, ensuring they are well-prepared to handle day-to-day compliance responsibilities.
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Foster a compliance-first culture within your organization to minimize future risks.
Deep Regulatory Expertise
Solvus specializes in helping companies navigate VARA’s stringent compliance standards, leveraging its expertise in crypto asset regulations and virtual asset governance.
Tailored Solutions for Virtual Asset Businesses
From crypto exchanges to staking platforms and token issuers, Solvus provides bespoke solutions that address the unique compliance challenges of virtual asset service providers.
Proactive and Cost-Effective Approach
By addressing compliance gaps early and efficiently, Solvus helps businesses avoid costly penalties, reputational damage, and operational disruptions.
Solvus ensures that your organization not only meets VARA’s expectations but also builds a sustainable compliance framework to operate confidently in the dynamic virtual asset industry.
Why Choose Solvus
Streamline your compliance and financial operations with Solvus. Our tailored outsourcing solutions empower TradFi and DeFi businesses to stay compliant, efficient, and focused on growth. Partner with Solvus for expert oversight and cost-effective solutions.
Contact us today to simplify your compliance and financial management. With Solvus, outsourcing becomes your strategic advantage for achieving operational excellence and regulatory alignment.