GRC

Any successful compliance program is built on policies, procedures, and processes. These documents demonstrate adherence to applicable laws, regulations, instructions, and best practices, but they are also one of many controls that can be tested to ensure appropriateness and effectiveness. They shield organizations from regulatory scrutiny while strengthening the organization’s compliance culture.

Our team has the knowledge, skills, and expertise to help you develop comprehensive tailored compliance documentation that is fit for purpose, up to date, and reflects existing regulations as well as internal processes and procedures. We can provide you with additional compliance and fraud documentation that is appropriate for the size and complexity of your business.

Our services include:

• Best Practice Governance Frameworks and Strategy documentations e.g. COSO, COBIT, NIST, Balanced Scorecrd etc
• Regulatory Compliance Manuals, Procedures and Processes, e.g SAMA, NCA, MCIT, CBB, CITC etc.
• AML/CTF Policies, Procedures and Processes
• Customer Risk Assessment Frameworks
• Code of Ethics, C Guidelines
• Anti-Corruption and Bribery
• Operational Maonduct and Employee Handbooks
• Fraud Preventionnuals

Risk assessment is essential for any successful compliance program.

We conduct thorough assessments of the compliance risks posed to your organization by the customers with whom you interact, their geographical location, and the products, services, and methods they use to communicate and transact. We identify potential control gaps and assist in the implementation of new controls or the strengthening of existing controls.

Our expertise covers regulatory risk assessment for processes such as:

• Cybersecurity e.g NCA, CITC,
• Information Technology Governance e.g. SAMA
• Data Management, DGA
• Business Continuity MCIT

Compliance capabilities includes;
• Regulatory compliance reviews
• Financial Regulatory Compliance
• Compliance monitoring systems and annual compliance plans

Regulatory compliance, anti-money laundering, customer knowledge, reporting (FATCA and CRS), and corporate governance are strategic requirements and key focus areas for financial institutions worldwide. We offer comprehensive FRC services to organizations looking to improve their compliance and governance frameworks.

By providing a road map for improved monitoring, our evaluation of an organization’s fundamental requirements helps demystify regulatory requirements and simplifies implementation and setup. Our approach is centred on a model-based compliance review process developed by banking professionals with extensive experience.

By providing a road map for improved monitoring, our evaluation of an organization’s fundamental requirements helps demystify regulatory requirements and simplifies implementation and setup. Our approach is centered on a model-based compliance review process developed by banking professionals with extensive experience.

Our FRC team consists of bankers with extensive knowledge and relevant experience who take a practical approach to assist clients in meeting regulatory obligations while creating value by providing efficient and cost-effective solutions. We also have the knowledge and expertise to create and deliver customized training on a variety of FRC services.

Our FRC solutions include:

• Anti-money laundering and CTF
• FATCA & CRS
• GDPR impact assessments

Anti-money laundering and CTF

• AML & CTF Frameworks covering
• Customer onboarding practices
• Information utilisation for customer profiling and risk assessment
• Transaction monitoring processes and procedures
• Compliance with laws and regulations
• The effectiveness and efficacy of your compliance transaction monitoring and sanctions name checking systems
• Filtering criteria (scenario development, implementation) and adequacy
• Response to regulatory requests for information
• Regulatory training.
• Employee knowledge, skills and experience
• AML reviews and risk assessments
• Know your customer (KYC) management

• Foreign Accounts Tax Compliance Act (FATCA) compliance
• Common reporting standard (CRS)
• FATCA and CRS health checks and ongoing support

GDPR impact assessments