Regulatory Compliance Advisory

Steering firms through the complexities of financial services regulation.

Regulatory Compliance Advisory

ICMC provides Regulatory Compliance Advisory Services to help your firm manage risk over a wide range of areas. Our services are sensible, efficient and effective solutions to managing regulatory risk.

 

Examples of Compliance Advisory Services include:

  • Independent Assurance Reviews
  • Compliance Remediation
  • Financial Crime Prevention
  • Corporate Governance
  • Risk Management
  • Prudential Rules & Regulatory Reporting

Assurance Reviews

Testing your control framework to protect your firm. Such reviews include:

  • Client on-boarding
  • Anti-Money Laundering (AML)
  • Conduct Risk
  • Compliance Framework
  • Regulatory Visits
  • Compliance Monitoring
  • Data Protection
  • Bench marking

 

Compliance Remediation

Key areas where firms have engaged our compliance specialists include:

  • Business Review
  • Client File Review
  • Policies and Procedures review
  • Staff Training

 

Financial Crime Prevention

Our financial Crime Prevention consultancy services include:

  • Anti-Money Laundering and Counter Terrorist Financing
  • Anti-Bribery & Corruption
  • Money Laundering Reporting (MLRO)
  • Whistle blowing
  • Transaction Monitoring
  • Review of Internal Controls
  • Financial Crime Risk Assessment
  • Sanctions Compliance

 

Corporate Governance

Good corporate governance can promote long-term sustainable growth. Such services include:

  • Board Competency reviews
  • Corporate Governance systems and controls

 

Risk Management

The key components of comprehensive Risk Management Framework. Key assessments include:

  • Setting the tone from the top. The active involvement of the board in the risk management process, including setting the risk appetite for your firm, is key to establishing sustainable risk management protocols
  • Developing an appropriate Risk Management infrastructure depends on pairing clarity of

 

responsibility and accountability independent oversight of the risk management framework and a support structure of documented procedures

  • Identification of all risks relevant to your Firm
  • Assessment of the potential impact of each identified risk and an estimate of the likelihood of its occurrence
  • Implementation of controls to manage or mitigate those risks
  • Testing of controls to ensure their effectiveness and re-mediating or enhancing the control environment when deficiencies are identified
  • Consistent reporting to senior management and the board

 

Prudential Rules & Regulatory Reporting

We assist clients with preparing key compliance reports and returns that must be submitted to industry regulators. Such reports include:

  • Training on Regulatory Reporting requirements that would apply to you
  • Preparation of financial returns in the prescribed formats to support applications
  • Review of Quarterly and Annual prudential returns
  • Preparation or review of Internal Risk Assessment Process (IRAP) reports
  • Preparation or review of Internal Capital Ad equacy Assessment Process (ICAAP) reports

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      The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned.

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    • Client Image

      The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned.

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    • Client Image

      The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned.

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      • Manager
    • Client Image

      The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned.

      • Jhon
      • Founder