Is able to review your compliance arrangements – policies, procedures, resourcing, reporting etc. – to assess how well they meet ever-evolving regulatory expectations. ICAS able to conduct full compliance reviews or specific examinations of just one area. Reasons you may want to consider the independence and objectivity that only an external expert can provide include:
- IPS Consulting
- IPS Compliance Reviews
- IPS Compliance Monitoring
- IPS Outsourcing
- IPS Compliance Advice
- IPS Creating a Compliance Department
- IPS Training and mentoring your Compliance Officer
IPS Consulting
- Current best practice – make sure that you are up to date on the best way to stay compliant
- Changes in key personnel – understand your needs when key people join or leave your business
- Impact of takeovers of one regulated business by another on the firms’ compliance operations
- Regulatory visits – prepare your business for large scale thematic and other reviews
- Benchmarking – review your current arrangements drawing on ICAS extensive knowledge of current best practice
- Regulatory due-diligence following changes in senior management or in the event of the acquisition of a new financial services business.
IPS Monitoring
An appropriately comprehensive compliance monitoring program forms a critical part of a firm’s overall risk management framework. ICAS can review your existing monitoring arrangements, identify any deficiencies in coverage and advise on any improvements you need to make.
IPS Outsourcing
For smaller organizations, finding someone with the right expertise to handle all your compliance needs in-house whilst keeping that person motivated and stimulated is a major challenge.
ICAS have a team of experienced compliance professionals who have satisfied the regulator’s requirements to be outsourced Compliance Officers and Money Laundering Reporting Officers. We work with you and your team to help ensure your on-going compliance with all regulatory requirements.
IPS Advice
Even the largest firms are confronted by compliance issues that they have not come across before. ICAS’s depth and breadth of experience means that in most cases ICAS’s experienced practitioners can identify a practical compliance solution quickly and cost effectively.
Some firms like to be assured that they have access to this advice at all times and as part of a continuing relationship with ICAS enter into a retainer agreement. The scope of such retainers is agreed with each client on an individual basis. Typically it can include regular access to CCL’s consultants, regular monitoring reviews and updating of policies and procedures.
ICAS provides Training to day support to all types of regulated business across the whole spectrum of compliance on retainer contracts or on an ad-hoc basis.
IPS Creating a Compliance Department
Following your authorization, we can help you create your own compliance department – from helping you implement your compliance procedures through to interviewing potential candidates. And once it’s up and running, we can keep it running smoothly – with on-going training as well as regular checks and support.