Risk advisory services | Pioneers Accountants

3 reasons for choosing Pioneer Accountants:

We have a dedicated team of qualified and experienced professionals to serve you
Our leading edge Risk Based Methodology is in line with the International Professional Practices Framework (IPPF)
issued by the Institute of Internal Auditors (IIA)
We have access to Industry specialists through our Kudos International network.

Successful organizations recognize that an effective internal audit service can make a very positive contribution to the management of risk and the smooth operation of the business.

We provide a full range of risk management services that have been designed to manage and mitigate your exposure to risk. These include:

Setup of internal audit function.
Co-sourced Internal Audit
Out-sourced Internal Audit
Enterprise Risk Management Consulting
Fraud prevention, investigation and Forensic accounting services
Anti Money Laundering (AML) Compliance Services

Effective risk management helps:

Improve the identification of opportunities and threats.
Further develop the governance and control frameworks within a business.
Organizations operate efficiently and contribute to improved performance.
Aid decision making and planning by accounting for uncertainty and assessment of actions that may or may not be taken

To help a business to stay AML Compliant

Compliance with high standards of money laundering controls.
Adoption of procedures to guard against money laundering
Effective implementation of know your customers (KYC) procedure: staying a way of high risk customers
Monitoring customers transactions
Effective AML & Compliance reporting
Training personnel
Training personnel

In today’s world, there is an increasing international dimension of organized criminal activity, which threatens certain institutions. Being used as a vehicle for fraudulent schemes, theft, counterfeiting and most particularly, drug dealing, terrorist financing and money laundering, weakens the reputation and integrity of your institution. Specific Businesses must comply with the international Anti Money Laundering – AMLS regulations, in addition to the Saudi Authorities’ Money Laundering Prevention Procedures. High standards AML controls increase the likelihood that a business and its employees are in compliance with established laws and regulations and decreases the likelihood that a business will become a victim of fraud or illegal activities. Our AML Risk Advisory Team consist of professional with advisory and operational experience within the AML Compliance Services. We are strongly committed to help you preventing the use of your operations for criminal purposes. The best way to fulfill this commitment and ensure the safety of your institution is to establish procedures to know your clients, monitor transactions, remain alert and train all personnel. We will help you to formalize the procedures and train your personnel for preventing the use of your business as vehicles for money laundering and for other illegal activities.