Assistance with Ad Hoc Regulatory Requests
Sometimes your company will face regulatory requirements demanding immediate action for an effective solution. This might arise as a result of:
- Feedback request or thematic review by the regulator.
- Tight deadlines around regulatory reporting.
- Specific request for information.
- Cases around AML/CFT about which the MLROs and their team do not possess the required technical expertise.
Hyphenz will provide you with assistance on any specific request from the regulator or other parties around AML/CFT. Below are some specific examples where our team has responded to requests of these type:
- Assistance in drafting replies to regulator(s).
- Assistance with selecting remote onboarding tools.
- Compilation of CDD information for a particular supplier.
- Designing an internal procedure following a specific request by a counterparty.
Due Diligence
Compliance due diligence is the process of conducting a thorough investigation, audit, or analysis of a company's compliance with regulatory bodies, both governmental and non-governmental. It essentially seeks to establish whether a company is following the rules.
Issues which are now commonly analysed by compliance due diligence include:
- Anti-corruption laws
- Environmental laws
- Data protection laws
- Antitrust laws
- Trade regulations
- Employee safety regulations
- Product (or ingredient) safety regulations
Compliance becomes more important to companies every day, reflected by compliance costs, which have risen far in excess of the average company's revenue over the past decade. As always, good documentation is key.
Hyphenz helps your business manage its compliance documents, ensuring that they're secure and up to date.