We assist firms by drafting and reviewing their internal policies and procedures to ensure compliance with the applicable legislation. We actively assist businesses with drafting, reviewing and implementing internal policies and procedures to ensure that they have the best practices in place for smooth and uninterrupted operations.
The Compliance Officer is tasked with the regular monitoring and assessment of the measures that the License Holder has in place which ensure that they are in line with applicable License Conditions. In short, this means that they’re there to make sure you’re on the right legal track, and to help spot any deficiencies on this front, and help you correct them in good time.
The Compliance Officer is also there to advise the relevant personnel and key officials to fall in line with the firm’s legal and regulatory obligations.
One of the best ways to ensure you or your business does not fall foul of attempts to facilitate money laundering (ML) and/or terrorism financing (TF) is to ensure that your organisation has a compliance culture embedded in its core.
As we have all learned in recent years, no entity is exempt from the dangers of ML and/or TF. A Money Laundering Reporting Officer (MLRO) is an essential asset to any business, especially when it comes to subject persons. We keep abreast of all relevant regulatory and statutory updates and emerging trends in the AML/CFT sphere, making us an ideal choice in assisting your business for any related risk.
The provision of an individual to take on the role of MLRO within your organisation who shall inter alia:
In terms of compliance, internal auditing is another crucial aspect which ensures that an entity is operating in accordance with its regulatory and statutory requirements. With MK Compliance, you are assured that a multidisciplinary team of professionals can conduct an effective internal or external audit of your organisation. We have specialised experience in financial and operational internal auditing, IT, fraud analytics, and risk assessment.
Our presence and stronghold within different jurisdictions give us a unique standing point as consultants. Corporate governance, within one or multiple jurisdictions, is essential. We focus on the wider concerns of firms, allowing them to effectively mitigate risk exposures whilst achieving their business goals. An internal audit structure is aimed at integrating elements of controls, risk management and compliance.
