| SHAFAF COMPANY
SHAFAF company is a group of Saudi professionals and specialists, who own possess extensive experience concerning laws and regulations in the Kingdom of Saudi Arabia. Basically, Shafaf relies on clear and precise work steps organizing the process of controlling various activities of various organizations to ensure that their various departments ,branches and sections comply with the laws, instructions, legislations and circulars issued by various legislative and controlling authorities, in order to provide necessary protection for our partners/clients against any violation of laws, irregularities, civil, penal or administrative claims, filed against them by any regulatory party or clients. Whereas SHAFAF provide support and explanation for our partners/clients about the details of the practical steps to comply with competent laws and controlling thereof. SHAFAF review the laws, regulations, legislations, instructions and circulars to be complied with. It also clarifies penalties and executive regulations against violators, concentrating on duties and responsibilities of all parties, starting from senior management of the organization to the employees and all staff.
SHAFAF is one of the most robust partners specialized in controlling the Saudi market. SHAFAF team is comprised of a team of specialists who are certified by international controlling authorities, having a universal experience in the field of control, such as Anti-Money Laundry and Financing Terrorism, Combating Financial Crimes, compliance, conformity and corporate governance. Moreover, they are certified by Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Financial Crime Specialists (ACFCS) and international experience in this field.
SHAFAF services include all legal requirements that assist employees to access information, laws and regulations governing organized business that must be adhered to. It also works on establishing a culture of compliance among all staff of the organization, at all job levels. Thus, instilling confidence in both staff and partners. It also provides the right tools for self-control and defines the duties and responsibilities of all staff so as not to duplicate functions.
Compliance with this program accurately will facilitate the organization to achieve a great thing, which is staying at the forefront and keep abreast of various developments, which will reflect, in a positive way, on the organization and employees for processing all noncompliance conditions, due to lack of awareness or information among all job levels in the organization to be processed one by one, to insure protecting all organization’s assets, through applying appropriate and effective controls and applying best practices and methods, as well as updating the organization with new laws and regulations.