Avenox

Avenox is a boutique AML and compliance firm in the UAE that offers outsourced MLRO and compliance officer services, KYC and compliance reviews. It is located in the Dubai International Financial Centre.

Services

Six services are listed: outsourced MLRO, outsourced compliance officer, outsourced KYC, compliance health check, AML policies and training. A regulated firm can therefore appoint an external officer, have customer checks handled outside, and commission a review of its existing controls with written policies and staff training.

Markets and location

The address is Dubai International Financial Centre, Level 14, The Gate, PO Box 74777, Dubai. The markets named are the UAE, the DIFC and Mauritius.

Who it suits

The firm suits payment institutions, fintechs and other regulated businesses in the DIFC and wider UAE that need to fill an MLRO or compliance officer seat or test their programme before supervisory review. Mauritius is listed as a second market, which may interest groups with entities in both places. The legal entity, fees and conditions under which an outsourced officer can be registered with the regulator are not stated and should be agreed with Avenox.