RACORA

RACORA is a Dubai consultancy on AML and regulatory compliance for designated businesses and law firms. The office is at the Dubai Investment Office in Dubai Investment Park First.

Services Two services are listed: AML consulting and regulatory compliance. In the UAE, designated non-financial businesses and professions, including firms of certain types, are expected to run AML programmes, risk assessments and reporting, so the consultancy targets that category.

Market The stated market is the United Arab Emirates. A company with a Dubai presence, whether a trading firm, a service provider or a law practice, can use an external specialist to document its controls and keep up with supervisory expectations.

Who it suits Designated businesses, legal practices and small financial service providers in the UAE that need help setting up or reviewing an AML framework. The company does not publish its fees, engagement terms or deliverables, so these points should be clarified at the start of any engagement.