As one of the consequences of the financial crisis, the scope of financial markets regulation concentrates notably on capital markets and customer protection. In addition, as the world is becoming a smaller place, core issues continue to emerge, such as know-your-customer (KYC) or anti-money laundering & countering the financing of terrorism (AML/CFT). As a result, compliance risk and the transformation of the internal compliance functions into an active second-line of defense has become one of the most significant concerns for financial services firms.
As we have extensive experience working with the first-line and the second-line, as well as with the national authorities, we assist our clients with mastering their challenges related to the compliance function due to the dynamics of regulatory change. With many years of experience in implementing numerous regulations and provisions regarding customer protection and product governance, as well as in developing useful tools and procedures, we are able to help our clients in enhancing their compliance function.