Compliance Remediation - Waystone

      Compliance Remediation

      It is essential that your senior management team take independent, experienced and unbiased advice at an early stage to guide you through the process of obtaining the least damaging outcome.

      Our experienced compliance consultants can:

      • prepare a root cause analysis showing how and why the failures occurred and brief senior management on the conclusions
      • communicate with the regulator on the remediation plan, its timing and reporting to ensure that a satisfactory resolution is achieved
      • revise or create new policies and procedures in the areas that were deficient
      • train staff in the new procedures
      • conduct past business reviews
      • liaise with your legal counsel
      • draft and assist in the implementation of a risk mitigation programme.

      Where enforcement proceedings are anticipated, we can work with your legal advisers towards the best possible outcome for you. We have seen that many S166 (Skilled Persons) reports are flawed. If you have been subject to a S166 review we can help you consider and, where appropriate, challenge the contents and opinions contained in the report or come to a more appropriate conclusion.

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