Blog

The HOLT consultancy blog is where you can read about HOLT consultancy news and CSR activity, DFSA updates including changes to DFSA Rulebooks, DFSA consultation papers, compliance how-to guides and other compliance news and advice. Visit often for updates or sign up to our newsletter. We also post our updates on LinkedIn. Follow us at https://www.linkedin.com/company/holt-consultancy-llc

Dec
20

Equiom expands in the UAE with the acquisition of HOLT consultancy

20 Dec 2018
Equiom press release 20 December 2018 Equiom expands in the UAE with the acquisition of HOLT consultancy   Equiom, the international professional services provider is pleased to announce the acquisition of HOLT consultancy, an award winning professional compliance and risk management service provider based in the Dubai International Financial Centre (DIFC).  HOLT consultancy is Equiom’s second acquisition in the UAE, following the partnership formed with the Links Group in September 2016, and further widens Equiom’s offering and reach in the region.     HOLT consultancy…
Oct
30
HOLT consultancy's new website

HOLT consultancy's new website

HOLT Consultancy is pleased to announce the launch of its completely redesigned website on its 6th anniversary.   Ben Holt, CEO of HOLT consultancy said "HOLT has been providing compliance services in the DIFC since 2012. We wanted to launch a new website with a fresh clean look, improved navigation and functionality and provide a more engaging experience for visitors. We also thought it would be a great way to celebrate our 6th anniversary".   Some notable changes include:   New updated look Added search function  Improved usability User-friendly navigation Features…
Oct
29
HOLT consultancy 30x30 Dubai Fitness Challenge

HOLT consultancy 30x30 Dubai Fitness Challenge

HOLT consultancy employees are taking part in the Dubai 30x30 Fitness Challenge between 26 October 2018 and 24 November.   The team members each track 30 minutes of daily activity for 30 days with the Dubai Fitness app.   Join in the challenge or follow our position on the Leaderboard by downloading the App and searching under Groups for 'HOLT'   https://dubaifitnesschallenge.com/about
Jul
15
US Under Secretary for Terrorism and Financial Intelligence Delivers Speech in DIFC

US Under Secretary for Terrorism and Financial Intelligence Delivers Speech in DIFC

Ms Sigal P. Mandelker, US Under Secretary for Terrorism and Financial Intelligence, U.S. department of the Treasury, visited the Dubai International Financial Centre on 12th July 2018 to deliver a speech.    Ms Mandelka emphasised the importance of the financial sector in assisting in the fight against illicit actors (including criminals, terrorists and proliferators) that threaten global  security by furthering their illicit aims.   In her tour of the region she was looking to help enhance controls and inform leadership of steps to be taken collectively to inhibit bad…
Jun
26

DFSA Outreach Session 2018

26 Jun 2018
The DFSA’s annual outreach session, targeted at Compliance Officers and Money Laundering Reporting Officers from the DFSA’s Authorised Firms and Designated Non Financial Businesses and Professions, was held on 25 June 2018.   The outreach session was a full day event and attended by the HOLT consultancy team.   The morning session included presentations providing regulatory updates, trends and risks from:   Bryan Stirewalt, Managing Director, Supervision   Patrick Meaney, Head of Enforcement   Peter Smith, Managing Director, Policy and Strategy   Further…
May
15

Cybercrime and Cyberterrorism

15 May 2018
What is Cybercrime and Cyberterrorism? Cybercrime includes hacking, theft, cyber stalking, malicious software, child soliciting and abuse, phishing, ransomware, malware, identity theft and scams.   According to the U.S. Federal Bureau of Investigation, Cyber terrorism is a “premeditated, politically motivated attack against information, computer systems, computer programs and data which results in violence against non-combatant targets by subnational groups or clandestine agents”   On 12th May 2017 a Wannacry ransomware outbreak began and eventually spread to more than 150…
Apr
23
DFSA Consultation Paper 120 - April 2018

DFSA Consultation Paper 120 - April 2018

Consultation Paper NO. 120 on proposed changes to the DFSA's Anti-Money Laundering (AML), Counter-Terrorist Financing and Sanctions Regime.   DATE OF NOTICE OF CONSULTATION PAPER: 18 April 2018   DEADLINE FOR PROVIDING COMMENTS: 20 May 2018   The Dubai Financial Services Authority (“DFSA”) has issued Consultation Paper No. 120 (“CP”) proposing changes to the AML module of the DFSA Rulebook.   The DFSA has clarified that changes have been proposed in light of the upcoming Financial Action Task Force (FATF) Mutual Evaluation of UAE, scheduled to take…
Feb
15

DFSA Publishes Findings of a Thematic Review of Client Classification and Suitability

15 Feb 2018
In 2016, the Dubai Financial Services Authority (DFSA) carried out a thematic review to determine how Authorised Firms carried out client classification assessments and how they documented it. The review followed changes to the client classification rules that came into force in April 2015.   The review had four phases:   Phase One - A survey issued to 217 Authorised Firms. The response rate was 89%. Phase Two - A desk-based assessment of the survey results. Phase Three – On-site visits to 22 Authorised Firms offering a range of financial services across each of…
Dec
18
HOLT consultancy's Corporate Social Responsibility (CSR) Policy

HOLT consultancy's Corporate Social Responsibility (CSR) Policy

HOLT consultancy is committed to operating with integrity, helping others and giving back to the community. To this end, it is our policy to actively engage in Corporate Social Responsibility activities in an effort to:   promote education and enhance skills for employees, clients, university students and school children provide a safe working environment that promotes health and well-being support charities to improve the well-being of others manage the environmental impact of our business activities safeguard the reputation of the compliance industry and financial services sector HOLT consultancy…
Nov
23
DFSA In Action 2017

DFSA In Action 2017

The Dubai Financial Services Authority (DFSA) has published its DFSA in Action 2017 report. The highlights from the report are below. As at 30 September 2017:   45 new licences issued 59 applications accepted  457 Authorised Firms regulated by the DFSA Regulatory oversight for 16 Registered Auditors, 119 Designated Non-Financial Businesses and Professions, 62 Recognised Members, 34 Reporting Entities and 2 Authorised Market Institutions   Highlights   The Dubai International Financial Centre (DIFC) has strongly emerged as a reinsurance hub for the Middle East and Africa…
Nov
16

HOLT consultancy is recruiting for a Compliance Officer

16 Nov 2017
HOLT consultancy is an award winning professional compliance and risk management service provider, based in the DIFC. It was established in 2012 and this year celebrates its 5th anniversary. Its reputation within the DIFC has attracted some large clients who require expertise in licence applications and outsourced Compliance Officer and Money Laundering Reporting Officer (MLRO) services.   We are a friendly team who work closely together to develop our clients’ businesses through premier quality and expert execution. Our vision is to be the premier choice for companies when selecting…