Corporate Compliance Summary for Financial Institutions

Telco Nova FZE

Dubai, United Arab Emirates

Overview
Telco Nova FZE maintains a comprehensive and globally aligned Compliance and Risk Governance Framework to meet the expectations of international banks, regulators, and financial institutions. The company ensures strict adherence to all applicable laws and regulations, including AntiMoney Laundering (AML), Counter-Terrorist Financing (CTF), and international sanctions regimes. This framework integrates EU AML Directives, UAE Central Bank guidelines, FATF recommendations, and striving to ISO level compliance management practices.

Compliance and Control Function – Sanctions and Financial Crime Governance

oversees the design and implementation of the company’s AML, CTF, and Sanctions Governance systems. Key controls include:

• Continuous sanctions screening against EU, OFAC and UAE lists.
• Regular internal audits and compliance training for all staff.

Policies, Guidelines, and Procedures

Telco Nova FZE operates under a formalized suite of corporate policies addressing antibribery, AML/CTF, sanctions compliance, and data protection. Each policy is approved by the Board, maintained by the Compliance Department.

Industry Principles and Standards

Telco Nova FZE adheres to the OECD Guidelines for Multinational Enterprises, FATF Recommendations, and ISO 26000 (Social Responsibility). These principles guide the company’s ethical business practices, environmental responsibility, and commitment to human rights, ensuring responsible global operations.

Transparency and Cooperation

Telco Nova FZE maintains open communication with its banking partners and relevant regulators, providing full transparency and documentation during compliance reviews. The company’s governance framework ensures immediate access to all relevant records for verification and audit purposes.

Further Information Available

Detailed policy documentation is available in the following reference papers upon request:

• Compliance and Control Function (Full Framework)
• Policies, Guidelines, and Procedures
• Industry Principles and Standards