Regulatory Assurance Reviews
Proactive, periodic regulatory assurance reviews will not only provide assurance to your senior management, the board and shareholders, they are also viewed positively by the regulator.
It is important that your controls are regularly and sufficiently challenged. Our UK/EU compliance team review your current compliance framework, including policies, procedures, resourcing and reporting, to assess how well they meet regulatory expectations and interpretations.
Our compliance review services
We conduct full regulatory compliance reviews or specific examinations of just one area. This includes:
Client Onboarding
Ensure that your clients have been onboarded in compliance with the relevant conduct of business as well as AML requirements. Our experienced practitioners have dealt with all aspects of client onboarding and have considerable knowledge of the pitfalls when onboarding new clients or reviewing existing ones. We can readily identify the risks that your Firm faces and identify the steps that you need to take to address those risks.
AML review
Obtain assurance that your AML, CTF and Sanctions control framework is effective in managing these risks to your business. We can review your control framework and client files, then prioritise the specific activities needed to remediate any weaknesses identified.
Conduct risk review
Attain an independent view of the adequacy of your conduct risk management framework, including your product development and product governance arrangements as well as measuring your culture. We will help advise and implement conduct risk procedures that meet the regulators’ expectations.
Compliance framework
Gain assurance on the adequacy and effectiveness of your compliance framework, including strategy, resource allocation, reporting channels, independence between your first and second line of defence, compliance intelligence and readiness for change.
Regulatory visits
Preparation for any regulatory interaction, including risk assessments and thematic reviews. We advise on strengths and weaknesses and provide a plan that gives you and the regulator confidence.
Compliance monitoring
Receive assurance through your second line monitoring activity by outsourcing this function to our experienced team, who will provide a clear auditable view on the adequacy of your compliance framework and performance against internal and external requirements.
Do your procedures respect personal data, and protect it from unauthorised collection, sharing or abuse? Our data protection team will conduct a review of your controls around managing personal and confidential data.
Benchmarking
Benchmark your compliance arrangements against your peers by drawing on our extensive knowledge of current best practices across multiple financial sectors.
If you haven’t had an independent review of your risk and compliance framework, or it has been a while since the last one, contact our compliance advisory team who can provide expert assurance to give peace of mind to your firm.
