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Special Advisory

ComplianceDirect provides special compliance services that ensure the existing policies and procedures are in compliance with relevant regulatory requirements, implement actions to identify and correct any gaps and deficiencies against the regulatory requirements, and ascertain the client investigation approach aligns with the regulator’s expectations while ensuring an appropriate response was given to address the regulator’s inquiries.

Our services include:

  • ​​Reviewing policies and procedures, and conducting gap analysis on compliance with regulatory requirements such as AML/CFT, suitability obligations, client trade execution, etc.

  • Suggesting corrective measures on gaps and deficiencies identified

  • Assisting in implementing the correction actions to ensure compliance

  • Performing mock inspections to provide client the experience of regulatory inspection and to identify the gaps and deficiencies so as to implement remedial actions

  • Conducting compliance reviews and internal control reviews on specific areas (e.g., investment suitability, AML/CFT, etc.) to identify gaps and deficiencies, and to implement remedial actions

  • Assisting in investigations of client complaints, regulatory investigation, investigation of frauds, etc.

  • Reviewing draft investigation reports and draft responses to regulators to ensure appropriate content and responses.

  • Advising on compliance and internal control matters relating to setup of new business lines such as private/corporate banking division, dealing function, investment products division, etc.

  • Special projects to comply with regulatory requirements. e.g., investment suitability framework including client investment risk profiling methodology and wealth management product risk assessments, product due diligence methodology, first-line-of-defense testing and methodology, etc.

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