Sabin Salam

Achievements/Tasks
Prepared and analyzed financial statements, including balance sheets, income statements, and cash flow statements.
Conducted financial forecasting, budgeting, and variance analysis to support the decision-making process.
Month-end close process, including review of monthly closing work papers like inter-company billings, revenue and premium, bank reconciliation, journal entries, and fixed assets.
Ensure the timely submission of interim and annual audit reports to the CBUAE by collaborating with external auditors.
Manage the accounts payable, accounts receivable, and liquidity management processes to uphold efficiency. Preparing and filing VAT returns on a quarterly basis and checking the regular updates in VAT rules and regulations.
Evaluate and implement financial systems and technology solutions to improve efficiency and accuracy across different finance functions.

In my capacity as an approved AMLCO at CBUAE, I am accountable for the supervision of all compliance, governance, and legal matters.
Achievements/Tasks
Ensured adherence to compliance and governance standards for ADHICS, MOHRE, CBUAE, FTA, DOH, DED, and DHA. The primary point of contact for Insurance companies, regulatory authorities, and law enforcement agencies regarding AML and CTF matters, includes responding to inquiries and cooperating with investigations. Establish, enforce, and manage AML, CTF, Fraud assessment, and IT policies and procedures, aligning with applicable laws and regulations. Conduct risk assessments to identify and assess potential money laundering and terrorist financing risks within the organizations operations, products, and services. Conduct customer due diligence (CDD) processes, including customer identification and verification procedures, enhanced due diligence (EDD) measures, and ongoing monitoring of customer transactions and activities. Liaise with banks and update KYC, RPD, CDD, Compliance, addition/removal of authorized signatory, activation/deactivation of online accounts, Bank Guarantee Interest Rate and Processing Fee, TT, BGCL, FATCA, CRS, MT 940 and Escrow account activation, etc.