Emerging Regulatory Risk Adherence for a Global Financial Services Firm

  • Emerging Regulatory Risk Adherence for a Global Financial Services Firm

  • Vetting existing risks

  • Consolidating fragmented data

  • Ascertaining key subsequent actions

CLIENT CHALLENGES
  • The client had no centralized database of retail partners’ details and legal agreements
  • The regulation was fairly new and needed an expert understanding of the key deliverables
  • A negative media news on one of the firm’s partners originated from a jurisdiction known for strict data privacy laws
OUR APPROACH
  • A review was conducted for anti-tax evasion regulation to ascertain any other outliers
  • Engaged in scoping partners from the target jurisdiction and shortlisted key high risk players
  • Obtained gross flows for the partners to identify suspicious patterns
  • Conducted risk and google checks for regulatory sanctions and investigated tax related offences
  • Reviewed distribution agreements for contractual representations and warranties for any uplift requirements
IMPACT DELIVERED
  • Identified an instance of suspicious flow which resulted in relook at the partner’s account
  • Identified distribution agreements which required immediate contractual uplifts
  • Identified gaps in old agreements that were only ever updated with addendums
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What we have done

Best Execution Forensic review for an EMEA Asset Manager
What we are proud of

Review the current reporting processes and suggest improvements

Review the current reporting processes and suggest improvements

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