Establish and document general policies of the organization.
SHAFAF provides its consultation services via establishing and documenting general policies of the organization through conducting meetings with the related management team in the organization, to identify the nature of functions, documents and compare them with organization goals and strategies, in order to organize related functions within the organization, according to clear frameworks. Since policies constitute the internal framework of any given organization, since they are totally reflected on its activity . Through these written policies, which are approved by the competent authority within the organization to be considered essential , its clients and all regulators and competent authorities concerned with organizing work in a comprehensive manner. SHAFAF services include establishing these policies or reviewing the existing policies and reproducing them in a professional manner to meet the expectations of our partners, clients and all customers of the organization
Establish various detailed internal work procedures of the organization.
SHAFAF provides consultation services by establishing different detailed internal work processes of the organization by documenting all different work processes in the organization and related work flow for a given function.
Engineering, linking and integration of all organization policies and procedures into a unified operational guide.
Upon completion of the process of establishing policies and procedures, such policies and procedures shall be gathered and unified , in a sequential manner, for all organization business, in order to conduct its evaluation, risk assessment and develop them for the decision makers in the organization. Finalizing such policies and procedures and ensure avoiding any potential conflicts between these strategies or regulations an any work, and the existence of bilateral control and other important control functions.
Establish different regulations of specialized committees, to define its scope of work, responsibilities and operation mechanism.
Establish and develop regulations governing the work of committees, including the main elements of any committee, e.g. timeframe, frequency of meetings, objective, responsibilities, members, level of independence and other elements stemming from corporate governance principles and control elements.
Drafting job descriptions for each employee in the organization, to define responsibilities, duties and work procedures.
Establish job description for each job in the organization after coordination and completing all related procedures and information and share the same with concerned authorities and employees to develop plans that organize the nature of each job and its grade in the organization, job guidelines and objectives with which production may be measured.
Summarize terms of compliance with various laws and regulations, and reflect the same in business policies.
Summarizing all related regulations issued by the legislator, to be included in the processes/policies/regulations of the organization to ensure clarifying and applying compliance process as well as to increase staff awareness about them to avoid any potential violations.
Develop organization’s educational awareness manual.
Organize and classify various rules and regulations in different sections of the organization, and gather the same in a booklet to facilitate knowing all regulations in a comprehensive manner, to ensure compliance.
Document the principles of corporate governance and independence.
Clarify main elements in the organization for all or some of governance principals, independence and transparency in a realistic manner to the nature of the organization, as well as to identify the appropriate control principals and give integrated recommendations to access to the best standards in such filed.
Develop Code of Business Ethics.
Establish rules and code of ethics in the organization to ensure establishing a main complete policy that organize the ethics to be followed in the organization, including main elements such as accepting gifts, confidentiality, preserving rights and reporting suspicious behaviors, racism and other matters which can help to develop and organize work within the organization
| Control and Inspection Products
Accurate review for forms, strategies, work processes and job description and their conformity with laws and regulations issued to gauge and determine compliance level.
SHAFAF provides reviewing product to identify main risks of noncompliance, which face the organization, assess the same and develop correction plans in case of any negligence in applying compliance. This revision shall be performed once a year at least. Such plans shall include any potential weakness in the existing compliance quality and determine the requirement of adding any policies or new procedures to face any future risks recognized by the annual risks assessment for noncompliance.
Implement the annual compliance program.
SHAFAF provides an annual compliance program , which is a comprehensive plan, including schedules for evaluating all laws and regulations and compliance with responsibilities to identify level of compliance therewith and applying thereof, in addition to issue a report about the comprehensive situation of the organization. Such program is the guaranteed way to identify the level of organization and assess the organizational risks of compliance. The outcome of this program is issuing a comprehensive report on the level of the organization to the senior management clarifying the level of applying laws and risks and includes SHAFAF recommendations to address them.
Organize and structure control and self-inspection committee.
SHAFAF provides organizing, establishing and structuring Control and Self-Examination Committee, it is a periodic consulting controlling committee responsible for discussing with officers in the organization periodically regarding different matters, including all laws and regulations and best standards applied to assess risks. Such committees shall issue recommendations that supports the organization to develop its level and culture.
SHAFAF provides business assignment product to help organizations access to the highest levels of compliance with laws and regulations and the highest international standards through providing organizations with the following assigned business (Compliance Manager, Director of Control and Combating Financial Crimes, Corporate Governance, AMLTF Manager