AM-Consulting

ADVISORY

Regulatory Advisory

Stay Compliant. Stay Ahead.

Am Consulting simplifies regulatory complexity through expert guidance in Economic Substance Regulations (ESR), robust Anti-Money Laundering (AML) Compliance, strong Corporate Governance, and reliable RERA Compliance support.
Economic Substance Regulation (ESR)
AML/CFT Compliance Services

Economic Substance Regulation (ESR)

Strong Substance. Stronger Standing.

AM Consulting provides expert guidance and comprehensive ESR compliance services. With our in-depth knowledge of Bahrain’s regulatory environment and extensive experience we are your trusted partner in navigating the complexities of ESR.

Overview of Economic Substance Regulations in Bahrain

In Bahrain, businesses registered with a Commercial Registration (CR) must comply with the Economic Substance Regulation (ESR). The ESR ensures that entities carrying out certain business activities demonstrate substantial economic substance in Bahrain.

Core Income-Generating Activities (CIGA) Under ESR

The ESR applies to companies engaged in any of the following core income-generating activities:

  • Distribution and Service Centers
  • Headquarters
  • Holding Companies
  • Leasing
  • Shipping
  • Intellectual Property (IP) Holding
  • Banks
  • Financing Companies
  • Insurance
  • Certain Investment Firms
  • Fund Administrators

Economic Substance Test & Requirements

To meet the Economic Substance Test, entities must:

  • Conduct relevant CIGA in Bahrain.
  • Have an adequate number of qualified full-time employees, physical offices, and operating expenses.
  • Ensure that the management is physically present in Bahrain, with an adequate number of Board of Directors meetings held in Bahrain, and strategic decisions made and recorded in the country.
  • The Board of Directors must possess appropriate knowledge of the business and the ability to make strategic decisions.

Failure to meet these requirements can result in penalties, including fines, suspension of commercial registration, or criminal prosecution.

Regulatory Authorities

The ESR is regulated and monitored by:

  • Ministry of Industry, Commerce & Tourism (MoICT)
  • National Bureau for Revenue (NBR)

 

Consequences of Non-Compliance

Non-compliant entities could face the following actions:

  • Warning Notices
  • Suspension of Commercial Registration (CR)
  • Criminal Prosecution
  • Penalties of up to BD 1,000 per day
  • Striking off from the CR

Our ESR Compliance Services

At AMC Financial and Management Company, we provide a comprehensive suite of services to ensure your business complies with Bahrain’s ESR requirements:

  1. ESR Classification and Assessment
    We evaluate your business activities to determine if they fall within the ESR framework
  2. ESR Reporting and Notification
    Our team manages all ESR-related reporting and notifications to the relevant regulatory authorities, ensuring that your submissions are timely and accurate.
  3. ESR Compliance
    Our team develops comprehensive compliance plans aligned with your operational and regulatory needs.
  4. Record-Keeping and Documentation
    We help you maintain proper documentation to support compliance, ensuring you are well-prepared for any future inquiries from regulatory authorities.

Why do AM Consulting for ESR Services ?

  • ESR Compliance Experts: Our team of experts has extensive knowledge of Bahrain’s ESR regulations and their impact on businesses. You can rely on our expertise to navigate the complexities of ESR compliance.
  • Tailored Solutions: We understand that every business is unique. Our services are customized to meet your business’s specific needs and challenges, ensuring an efficient and effective compliance process.
  • Timely and Accurate Execution: We prioritize timely and accurate execution of all ESR compliance-related activities, relieving you of the compliance burden.
  • Confidentiality and Trust: We handle your sensitive business information with the highest level of confidentiality and adhere to strict ethical standards.

AML/CFT Compliance Services

Anti-Money Laundering (AML) & Counter-Financing of Terrorism (CFT)

In the dynamic regulatory environment, maintaining compliance with financial regulations is crucial. Our AML/CFT Compliance Services can work as your trusted partner for Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) obligations. We specialize in providing organisations with customized solutions, including risk assessments, policy development, and the implementation of effective controls. Our proactive approach ensures that your business stays compliant with current regulations while also preparing for future legislative changes AM Consulting is leading top AML Consultant in Bahrain and provide best AML compliance services to its clients.

AML/CFT Gap Analysis

We conduct analysis of your business’s compliance with Anti-Money Laundering (AML) legislation to identify potential risks or instances of non-compliance.

Our analysis highlights areas of concern and delivers recommendations to support regulatory alignment.

KYC / EDD Reviews​

Establish comprehensive Know Your Customer (KYC) protocols that evaluate and authenticate client identification in accordance with global Anti-Money Laundering (AML) standards.

We provide guidance to enhance your KYC framework and ensure compliance  and efficiency.

Design AML Compliance Framework

We customize AML/CFT framework in line with your business. As part of framework, we prepare SOPs compliance manuals, and policies that are based on your business requirements.

Customer Due Diligence Programme

We provide Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures for high-risk customers, ensuring transparency, accountability, and compliance in each transaction.

Sanctions Screening

Our Sanctions Screening service provides checks to protect against unintentional business with sanctioned businesses or persons by cross-referencing the CBB list or names under Name check.

AML Policy & Procedure Design & Implementation

Our team helps to AML policies and processes and implementing them to match your business operations.

Historical Transaction Reviews

We do in-depth analyses of historical transaction to find any violations of law or undetected transactions.

Independent Testing

We provide independent testing services for compliance with AML regulations.

Transaction Monitoring Design and Implementation

We create and execute efficient transaction monitoring solutions as per you company’s requirements to identify questionable activities and complete regulatory compliance.

Regulatory Advisory

Benefit of assessing AML/CFT risk?

  • Assessing AML/CFT risk
  • Enhance compliance
  • Identify gaps in AML/CFT policy and procedures
  • Improve AML/CFT alignment with risk profile
  • Increase awareness of AML/CFT risk, control gaps, and remedies.
  • Assist with strategic decision making

Why choose AM Consulting?

Proven Expertise & Track Record:

With 2500+ business valuations completed and 100% satisfied clients, our work is trusted by leading startups, venture capital firms, SME business, Large business and high-net-worth individuals.

Skilled and Professional team

Our approach is rooted in a thorough assessment of your environment, enabling us to design and deliver correct solutions that align seamlessly with your strategic objectives and operational demands. Our team combines over 50+ years of experience from top firms, delivering valuations that meet the highest standards.

End-to-End Support

Prior to taking the assignment our experts will understand your unique business needs, we ensuring each valuation is customized and thorough, no matter how complex the transaction is.

Integrated Team Approach

For every engagement, our approach is sophisticated which includes the latest quality control to ensure accuracy. Our valuation are based on the globally accepted valuation methods.

Looking for Experienced Management Consultants?

Contact Us Today for a personalized consultation and take the next step toward business excellence.

TALK TO US

AM Consulting is a leading management consulting firm dedicated to empowering small and medium-sized enterprises (SMEs) in Bahrain and the GCC. We are more than just consultants; we are your strategic partners. Our team of experts has over 45 years of collective experience within the GCC market.

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