We will perform assurance reviews on the Compliance function to ensure adherence to all internal policies and procedures. This would ensure that our clients can showcase to the regulators the robustness of compliance processes.
We will conduct assurance reviews of Compliance systems, controls, policies and procedures to ensure that all internal controls are implemented and performed
Perform sample checks on client files from a KYC standpoint, on a periodic basis and provide feedback to the Compliance Officer and Money Laundering Reporting Officer
Provide reports to the management on the outcome of the assurance reviews and decide on the corrective actions to be taken
Implement corrective actions for the identified gaps in processes and assist firms in updating the internal policies and procedures