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Case Examples
REGULATORY ASSESSMENTS
Designed for public or private sector organisations needing to monitor compliance or enforcement procedures, our Regulatory Health Check Service (RHCS) provides senior staff with a means to test and evaluate the effectiveness of administration and control processes.
The service enables clients to identify organisational and process issues that can result in compliance failure or a reduction in regulatory effectiveness.
The service assists clients to prevent regulatory sanction and reputational damage through process malfunction.
Brief: The Compliance Department of a financial services company needed to check if its internal AML vetting procedures remained effective.
Solution: Examined the organisation’s standard operating procedures and the prevailing statutory regulations and tested SOP effectiveness against an independent an impartial template specially devised for the project.
Result: Identified process issues and resulted in the inclusion of more robust analysis protocols in a revised vetting procedure..
Brief: A major public authority had at its disposal an array of complex regulations and ordinances. Some regulations and ordinances had become contradictory and uncoordinated over time, enabling those being regulated to evade control.
Solution: Closely scrutinised relevant regulations to place them into a control framework. Then assessed how completely the regulations had been implemented and subsequently evaluated their effectiveness against an assessment template devised for the project.
Result: More efficient and cost effective enforcement was achieved.
Designed for public or private sector organisations needing to monitor compliance or enforcement procedures, our Regulatory Health Check Service (RHCS) provides senior staff with a means to test and evaluate the effectiveness of administration and control processes.
The service enables clients to identify organisational and process issues that can result in compliance failure or a reduction in regulatory effectiveness.
The service assists clients to prevent regulatory sanction and reputational damage through process malfunction.
Brief: The Compliance Department of a financial services company needed to check if its internal AML vetting procedures remained effective.
Solution: Examined the organisation’s standard operating procedures and the prevailing statutory regulations and tested SOP effectiveness against an independent an impartial template specially devised for the project.
Result: Identified process issues and resulted in the inclusion of more robust analysis protocols in a revised vetting procedure..
Brief: A major public authority had at its disposal an array of complex regulations and ordinances. Some regulations and ordinances had become contradictory and uncoordinated over time, enabling those being regulated to evade control.
Solution: Closely scrutinised relevant regulations to place them into a control framework. Then assessed how completely the regulations had been implemented and subsequently evaluated their effectiveness against an assessment template devised for the project.
Result: More efficient and cost effective enforcement was achieved.