Jitendra Chartered Accountants appoints Atul Shukla as Anti-Money Laundering Officer

As a global good-practice, it is required that audit companies have a dedicated AMLO.

Mr. Atul Shukla, who has joined Jitendra Chartered Accountants as an Audit Partner, will be heading the audit and accounting business which has more than 500 clients.

Financial services firms are required to verify the identity of the clients with whom they do business, determine the source of funds in a client's account and obtain the information about a client's wealth.

JCA's compliance program includes policies and procedures to detect and report suspicious transactions to various regulatory bodies. JCA implements specialized employee training programs and conducts independent audits of the effectiveness of the compliance program.

With UAE signatory to Anti-Money Laundering initiatives and with new requirements regarding client information and verification of that information, JCA is now geared up to provide enterprise-wide AML systems.

Mr. Atul Shukla brings with him almost three decades of rich and deep technical knowledge in audit, taxation and management consultancy. Prior to joining JCA, he was Group Director in charge of Quality Assurance - Audit in a UAE-based affiliate of Crowe Horwath International, one of the top ten global accounting networks.

Commenting on the appointment, Mr. Jitendra Gianchandani, the founder of JCA, said:

"I welcome Atul Shukla on board. His core focus would be to achieve Total Quality Management (TQM) in audit and assurance services in compliance with the International Standards on Auditing (ISA) as well as International Financial Reporting Standards (IFRS). This would lead to a systematic value-based growth in our Audit Division. JCA has a vision to compete with the best-in-class audit and accounting firms by virtue of providing quality and unmatched services to our clients."

Commenting on his appointment Mr. Atul Shukla said, "I am pleased to be part of JCA which is considered to be a progressive and dynamic audit and accounting firm in our fraternity. My vision is to successfully launch an enterprise-wide early warning reporting system that will enable JCA to better report suspicious activity to regulatory authorities. This is one of the key things that will differentiate JCA in the region and bring it on par with any of the big league accounting firms."