LATEST INSIGHTS
Lily Eid
Money Laundering Reporting Officer (MLRO)
Dubai, UAELily is a detail-oriented internal auditor and compliance specialist with more than six years of experience and a zest for solving complex problems, as such she provides Money Laundering Support Officer services at BSA, operating from the firms DIFC office.
Lily aids senior management in adopting and developing comprehensive AML / Compliance Policies, and undertakes periodic technical reviews of these policies, providing input on improvements to senior management and members of the board.
Lily assisted in setting corporate and country-level risk appetite limits and risk tolerance levels by providing input on compliance risks, and in integrating compliance risk management into the overall risk management framework, risk governance framework, and corporate governance framework, including through establishing effective metrics for compliance risk management and for assessing the status of the implementation of the firms AML Policy.
Part of Lily’s role includes coordinating the identification of the legal and regulatory compliance requirements under which the firm is to be organized and operate, putting in place data protection policy and ensuring firm’s compliance with their privacy policies and requirements under the applicable laws and being the main point of contact with DFSA and Ministry of Justice. She also conducts audits to ensure compliance and to proactively address potential issues before they arise.
On a day-to-day basis, Lily assists fee-earners at BSA with processing matter opening requirements (filling matter opening forms, AML forms and World Check on each client and entity), addresses conflict checks and opens files.
Prior to BSA, Lily held several positions with banks and auditors.
SERVICES
- Regulatory & Compliance
Other People
+971 4 528 5555
lily.eid@bsalaw.com
Dubai, UAE