The core of an effective risk-based program is an appropriately experienced AML/CFT Compliance Officer who understands the LEH’s risks and obligations and who has the resources and autonomy necessary to ensure that the LEH’s program is effective. As per Article 21 of the AML-CFT Decision and Paragraph 16.4 of the Standards, the LEH must appoint a Compliance Officer who is responsible for day-to-day compliance with the legal and regulatory framework in the UAE and the management of the AML/CFT Program. The role of Compliance Officer must be limited to tasks related to AML/CFT compliance and not be combined with any other functions of the LEH to avoid conflict of interest from multiple roles. Furthermore, as per Paragraphs 16.5 and 6.9.3 of the Standards, the LEH must further appoint an Alternate Compliance Officer to strengthen the AML/CFT Program as well as establish and maintain a Compliance Committee to provide additional oversight of the AML/CFT program. Chapter 6 of the Standards refers to Corporate Governance as the mechanisms and processes by which the LEH is managed, controlled and directed. For more details and information please refer to the relevant section in the Standards.