Compliance reviews and compliance projects
​Given our expert knowledge of the local regulatory landscape, we are able to perform compliance-related ad-hoc reviews and/or special projects.
These can be performed as part of our ongoing Compliance Support service or separately.
Previous project work we have completed for clients includes:
- General health check to assess the effectiveness of compliance and AML systems and controls
- Focused review of a firm’s systems, controls and compliance within specific departments or products (e.g. a Trading Desk, a private banking unit, a sales team, etc)
- Review of a firm’s compliance culture
- Design and assistance with the implementation of a risk based compliance monitoring programme (CMP)
- Independent review of client files to determine if client onboarding / KYC checks have been conducted in compliance with DFSA requirements (can include reviews of client CDD documents, risk rating methodology, ongoing due diligence and monitoring mechanisms)
- Provision of audit review work and testing of compliance with the DFSA modules, e.g. COB, AML, PIB and CIR modules
- Testing the appropriateness and effectiveness of company policies, procedures, systems and controls including corporate governance and risk management frameworks
- Review of documentation before submission to the DFSA for regulatory revisions and best practices