Appoint a compliance officer with at least five years' compliance experience, fit and proper and approved by VARA, UAE resident or passport holder, full-time and reporting to the Board, reviewed annually. The officer trains staff (including on consumer protection and AML/CFT), develops compliance policies including the business continuity and disaster recovery plan, assesses emerging risks, reports compliance activity and audits to the Board and drives corrective action; delegated tasks stay the officer's accountability, and the officer may hold non-client-facing roles such as MLRO or head of risk if no conflict arises.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.