Ongoing Compliance Support in Singapore and Hong Kong

Ongoing compliance support services offered in Singapore and Hong Kong

Our APAC Compliance Solutions team offers technical expertise, combined with commercial awareness and outstanding client service. Our team of compliance consultants have an in-depth understanding of the regulatory standards set by the Monetary Authority of Singapore (“MAS”) and the Securities and Futures Commission (“SFC”) in Hong Kong. Our expert compliance consultants work with clients to help them to understand their regulatory obligations, creating a plan of action and delivering ongoing compliance support to help them meet regulatory expectations in the region. Our ongoing compliance support services in Singapore and Hong Kong provide clients with the following:

• a quality and cost-effective alternative to in-house compliance for all businesses that require ongoing compliance support services
• prompt assistance to any compliance issues through onsite meetings, telephone, and email, including assistance with general queries, registration and filing, amending policies, and internal inspections by the MAS and the SFC.
• liaison with management, regulators and compliance groups to track the important regulatory changes in Singapore and Hong Kong
• assistance with understanding, prioritising and implementing the required changes within the risk and compliance framework
• a customised level of support that meets requirements while offering maximum flexibility.

What is compliance monitoring?

Compliance monitoring involves the ongoing evaluation of an organisation’s adherence to relevant regulatory requirements. It also seeks to enhance internal policies and procedures, by aligning with industry best practice standards. Ongoing compliance monitoring is designed to assist businesses to maintain consistent regulatory compliance, therefore reducing the risk of potential penalties for non-compliance.

Why is compliance monitoring important?

The regulatory space in Singapore and Hong Kong is constantly evolving and firms must ensure they keep pace with regulatory updates in order to avoid penalties. Companies must establish a monitoring and surveillance process that allows them to identify, analyse and mitigate any potential regulatory compliance violations, reduce risk and avoid potential penalties for non-compliance.

Waystone’s APAC Compliance Team specialises in navigating the complex landscape of regulatory compliance in both Singapore and Hong Kong, offering objective insights, subject expertise, and a streamlined approach that addresses all of your ongoing compliance monitoring needs.

Sectors we work with

Our clients range from start-ups to mature businesses, and include fund managers, family offices, broker dealers, insurance brokers and payment service providers. We establish long-term partnerships to manage our clients’ compliance obligations in either Singapore or Hong Kong, from the initial phase to ongoing support, training, audits, risk management, and governance.

Why choose Waystone

We help our clients to maintain sound compliance and regulatory programmes and we can assist with any necessary communications with the MAS and the SFC. Our wide-ranging experience in the APAC region provides the expertise you need while adding value to your corporate governance standards.

If you would like to find out more about Waystone’s compliance monitoring and ongoing support services in Singapore and Hong Kong, please reach out to our APAC Compliance Solutions team.