M_Momani

Mohammad is part of our outsourcing team, acting as the outsourced Compliance Officer and Money Laundering Reporting Officer (“MLRO”) for Dubai Financial Services Authority (“DFSA”) authorised firms in the Dubai International Financial Centre (“DIFC”). 

Prior to joining CCL in 2020, Mohammad held the role of Compliance Executive for ED&F Man Capital Markets MENA Ltd (“ED&F”), a DFSA licensed brokerage subsidiary of one of the oldest UK based companies. During his four years in this role, Mohammad was responsible for the overall compliance and Anti Money Laundering (“AML”) frameworks, he was the registered Compliance Officer, MLRO and the point of contact for all regulatory matters with the DFSA, as well as with external regulators and exchanges which ED&F was a member of, namely CME, NFA, Eurex, ICE and the London Stock Exchange. He also played a major role in the transformation of ED&F’s legal structure from being a branch to a standalone subsidiary. Mohammad was also responsible for membership registrations with different exchanges, trade monitoring, client onboarding and staff and management training.  

Prior to his employment with ED&F, Mohammad spent three years in compliance consultant roles in the DIFC where he was the registered Compliance Officer and MLRO for various DFSA-regulated firms, including Fund managers, Asset managers and Arranging and Advisory firms. He also participated in remediation programmes for DIFC domiciled companies as well as foreign companies located outside the UAE. After this role, Mohammad worked as the Governance Manager for Depa Ltd, a company listed on Nasdaq Dubai and London Stock Exchange, where he acted as the advisor to senior management for all governance related matters. In this role, he was responsible for releasing all disclosures to the exchange, the arrangements for the annual general meeting and he was appointed as the lead manager for the preparation of annual and interim reports. 

Mohammad is fluent in both Arabic and English, he holds a bachelor’s degree in accounting, a Masters degree in Banking (pass with distinction) from the Arab Academy for Management, Banking and Financial Sciences in Jordan, and a professional diploma in portfolio management from the Institute of Banking Studies in Jordan. He also passed the examinations for the Certified Anti-Money laundering Specialist (CAMS), Certified Fraud Examiner (CFE), the Saudi Capital markets Authority’s CME-1 exam and the Certified Compliance Officer (CCO) by the American Academy of Financial Management.

Recent work includes:

  • Compliance Officer and MLRO for Asset managers and Brokerage Firms regulated by the DFSA
  • Providing regulatory advice to firms planning to expand their scope of business, and carryout the required license variation process with the regulator
  • Delivering Compliance and AML training to regulated firms
  • Providing ad-hoc compliance support requests for authorised firms across various categories
  • Compliance monitoring and reporting to the senior management and the board
  • Advisor to the senior management and the board to ensure compliance with the relevant regulatory obligations
  • Drafting of policies, procedures and regulatory manuals 

 

 

 

 

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