COMPLIANCE

In today’s ever-changing compliance landscape, the need to adapt and evolve is crucial to ensuring your business remains compliant and risk free. We understand that for owner-managed businesses, the additional time, resources and financial implications of meeting increased compliance obligations can escalate quickly.

The Proceeds of Crime Act and associated regulations and guidance require financial services businesses and certain other Designated Non-Financial Businesses (DNFBs) to undertake detailed business risk assessments.

The impact of increased financial reporting and greater transparency requirements can leave you feeling uncertain about the best way forward for your business. Do you invest in upskilling your team? Or do you choose to outsource your compliance and risk requirements to experienced and capable Compliance Advisory experts?

At KHT we have a wealth of in-house Compliance knowledge and expertise across a broad section of businesses that include; Private Banks, Investment Managers, Fiduciary Service Providers and Independent Financial Advisers. Our wide range of Compliance Advisory and Administration services include:

Our team will work with your business to carry out risk assessments to identify any vulnerabilities; Money Laundering, Terrorist Financing and Bribery and Corruption. Once identified, we will then take appropriate steps to help you mitigate these risks.

We can design and deliver a range of policies and procedures that clearly detail your approach to the prevention of Financial Crime. We will ensure that your business and all staff members remain compliant.

Utilising established compliance and risk methodology, we can undertake reviews of prospective clients, third party introducers and business partners to provide you with detailed findings and recommended risk ratings. We can also undertake Trigger Event and/or Periodic Client Due Diligence and Risk Reviews to assist with your on-going monitoring obligations.

We can develop and deliver face to face Induction and Refresher training, tailored to the individual needs of your business.

We can assist with the creation and on-going development of an Enterprise Wide Risk Register and Business Risk Assessment that can be used to highlight higher risk activities and ensure the appropriate procedures and controls are in place.

We can design and deliver a wide range of Compliance Policies and Procedures. This will ensure your business, and all staff members, are clear on what is expected of them in relation to; Conflicts of Interest, Handling Client Monies, Record Keeping and Data Protection.

We can develop and deliver face to face training on a wide range of Compliance topics, tailored to the individual requirements of your business.

We can assist with the development of a full Compliance monitoring programme and can, if required, undertake the necessary review and reporting work on your behalf. We can also provide ad-hoc monitoring and reporting engagement services upon request.

Why Choose KHT?

  • Clients at the centre of everything we do
  • Wealth of experience, understanding and technical knowledge
  • We nurture long term relations with clients and advisers
  • Collective strength and expertise of the wider Knox group of companies
Patrick-McCarrick

Speak to our Expert

Patrick McCarrick
Head of Risk & Compliance

NB: Please kindly note that our review methodology utilises publicly available information only and does not incorporate Criminal Records Bureau (CRB) or Credit Agency Checks.

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