Seed Group’s partner Binderr transforms corporate processes with streamlined onboarding and compliance solutions in the UAE

• Binderr, a strategic partner of Seed Group, empowers global clients with a consolidated workflow for streamlined onboarding and compliance processes.
• It allows firms to screen and verify entities, identify beneficial owners in complex corporate structures, and comply with global regulations effortlessly.
• To further educate firms on AML, compliance, and onboarding best practices, Binderr will host the Discover 2024 Summit from 12-14 November 2024.

The need to improve corporate practices through strategic client onboarding, compliance, and technology integration is becoming increasingly vital for accounting and legal firms as well as corporate service providers in the UAE and the larger EMEA region. Companies in these sectors must maintain streamlined workflows to meet regulatory requirements and client expectations, ensuring efficiency and compliance. As doing business in the UAE becomes more competitive, these firms must adapt quickly to remain compliant with local and international laws.

As a strategic partner of Seed Group, a company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, Binderr is among the leading authorities in this field. The firm empowers its clients with a consolidated workflow for account setup and compliance management. Binderr proactively collaborates with compliance officers, risk managers, and operations professionals to build customised solutions that optimise processes for businesses and their end clients. This strategic measure has resulted in the development of software that supports long-term business growth and empowers businesses locally to be future-proofed.

Binderr’s solution for compliance and onboarding

In February 2024, the UAE was removed from the ‘grey list’ made publicly available by the Financial Action Task Force, a global anti-money laundering agency. This decision was made in recognition of the country’s robust pursuit of amending its laws to improve due diligence and implement countermeasures that mitigate money laundering and terrorist financing. As part of the UAE’s continuous steps to strengthen its legislative and regulatory framework, it introduced a federal decree law to govern the legal and consulting fields.

Within this context, Binderr’s move to expand into the UAE in April 2024 accentuates its confidence in the nation’s proactiveness to ensure regulatory transparency and its commitment to uphold international standards.

As a company that delivers bespoke experiences while optimising scarce resources for businesses, Binderr effectively addresses the challenges associated with regulatory processes. They recognise that legal requirements in these areas are likely to become increasingly stringent over time, which could place additional burdens on compliance officers and procedures. In response, Binderr’s technology provides invaluable solutions, offering real-time corporate structure verification, AML screening, and risk assessments, thereby integrating compliance and onboarding into a single, efficient process. For global entrepreneurs doing business for the first time in the UAE, the platform’s expert capacity to adhere to local standards proves immensely beneficial.

With global coverage in over 200 countries, Binderr allows firms to screen and verify entities, identify beneficial owners in complex corporate structures, and comply with global regulations effortlessly. Proactively targeting the bottlenecks in onboarding, Binderr’s software also lessens inaccurate data (i.e., false positives) by 70%. The platform’s customisable digital questionnaires and real-time data synchronisation guarantee that corporations seeking market entry in the UAE can meet regulatory requirements without sacrificing operational efficiency.

True to its mission to become an invaluable resource for companies navigating the UAE’s regulatory terrain, Binderr has organised a summit dedicated to educating businesses about the best practices for AML due diligence, regulatory adherence, and technology integration.

All about Discover 2024 Summit

The Discover 2024 Summit is a free, three-day virtual event powered by Binderr that aims to deliver deep insights into industry challenges and forthcoming solutions in AML, compliance, and onboarding. With official support from Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, this summit serves as a platform for thought leadership. This online convention is primarily envisioned to establish Binderr as a prominent voice in the country’s compliance sector, with Discover 2024 serving as its flagship event.

Senior professionals, industry regulators, and compliance experts will share their knowledge and equip attendees from accounting and legal firms as well as other corporate service providers with actionable insights. The tools and knowledge provided will be especially valuable for firms doing business in the UAE, assisting them in steering compliance complexities and simplifying their processes.

Join Binderr online for the Discover 2024 Summit from 12-14th November 2024, as they bring together the experts in compliance, risk management, and client onboarding in the UAE and the EMEA region at large. To learn more about the event and register your limited space, visit https://www.discover-summit.com/.

About Binderr

Binderr is a platform designed for professional and financial services firms, aiming to help them remain compliant, become more efficient, and grow their businesses. The software has been built alongside compliance experts. With their knowledge, Binderr has been able to listen, interpret, and create solutions that uphold regulatory standards around the globe. Binderr allows firms to adhere to a gold standard of compliance, eliminating risks of being fined, or worse yet, foreclosed by governmental bodies. For more information, visit www.binderr.com.

Binderr Media Contact

Piero Ladhur
+971 05 8585 6614
piero.ladhur@binderr.com