The landscape of financial services regulation is in a constant state of evolution. It is imperative that senior management, employees, as well as affiliated companies within your organization, have easy access to and remain updated on its application.
Crafting a robust compliance manual serves a dual purpose: not only does it showcase a deep comprehension of your regulatory obligations, but it also furnishes your staff with comprehensive insights into your compliance procedures, internal requisites, systems, and available tools for managing compliance risks.
Adherence to sanctions, as well as regulations concerning money laundering and terrorist financing, remains a notable hurdle for the regulated sector. Businesses must exhibit the strength of their systems, procedures, and internal controls to prevent illicit utilization. Various global regulators enforce Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations with differing degrees, necessitating the demonstration of tailored policies and procedures aligned with local requisites.
Corporate Governance Manual
The downfall of formerly esteemed corporations and institutions often stems from deficient governance or compliance frameworks that fostered inappropriate cultures and risk-prone behaviors. To safeguard your organization, our collaboration will focus on constructing a corporate governance manual and, if necessary, associated procedures. These resources will embody and cultivate a compliance culture throughout your business.
Operating Procedure Manual
Your compliance framework serves as a tool to educate your management team and staff about regulatory obligations, while your operational procedures play a crucial role in realizing the objectives outlined in your business plan.
Code of Conduct / Ethics
A written code of conduct outlines your organization's mission, vision, and values, showcasing to both regulators and shareholders that your business proactively addresses conduct risk from its leadership.
Risk Management Frameworks and Manuals
Risk management stands as a vital pillar within an institution's corporate governance and internal control structure. Regulators mandate all regulated entities to uphold an enterprise-wide risk management process tailored to the specific nature of their business activities. Institutions involved in deposit-taking or trading are subject to more rigorous processes compared to those providing advisory or transaction arrangement services.