Kane’s Dubai office has been a hub of activity in recent months. The team has brought on board a range of new clients, appointed a new head of its compliance division and recently announced that John Uprichard, Managing Director of Kane LPI Solutions, will be relocating to the region in August.
The Dubai team has experienced an extremely active second quarter, which saw them secure a number of new clients for which they are providing compliance outsourcing services. In addition, they have engaged with other new companies for whom they are facilitating the regulatory application process for set up in the Dubai International Financial Centre (DIFC). Once the application approval process is complete and these entities receive their regulatory approval, Kane will move to providing them with on-going compliance outsourcing services.
The office provides a range of governance, risk and compliance services, including: compliance outsourcing to regulated entities; compliance mentoring/support to regulated entities; compliance monitoring programs/reviews; MLRO Reports; annual AML reviews; development of compliance policies/manuals/procedures/forms; regulatory training; DIFC/QFC applications and board/committee reviews.
The Dubai office also announced the appointment of David Cafferty in May to head up its compliance advisory services practice. David has over 25 years of experience in the fields of accounting, corporate governance, financial crime prevention, compliance, and anti-money laundering. Most recently, he worked as Senior Compliance Advisory Specialist at Clyde & Co LLP in the UAE, and was previously Compliance Officer/MLRO at Saxo Bank (Dubai) Limited; Director (Forensic Services) at KPMG, UAE; and Regional Director at the International Compliance Association in the UK.
Commenting on the success of the Dubai team, John Uprichard said: “We have always seen the Middle East region as a location which is primed for growth across the range of services we offer. Our commitment to the region is clearly paying dividends and we look forward to continuing to build upon our recent successes and continuing to grow our presence in the Middle East.”