We provide compliance shared services and outsourced compliance services to ensure that organisations are able to remain compliant with the rules and regulations set out by the regulators. iComply will work with clients to ensure that robust systems and controls are in place and can provide any additional compliance or risk management support that they would require. Our experienced team has expertise in compliance across multiple sectors ranging from asset management, private banking, commercial banking, investment banking and insurance.
We assist clients in setting up offices in the region and who are looking to establish their presence. We support clients who are in need of temporary cover when there is shortage of internal resources due to unforeseen circumstances.
We provide individuals, on an outsourced basis, who are fit and proper with adequate experience and knowledge, to act as Compliance Officer (CO) and/or Money Laundering Reporting Officer (MLRO). We can provide part-time and full-time Compliance Officers depending on the requirement of clients. The CO & MLRO will provide the following services to the clients.
Advisory to employees in line with internal policies and procedures, reviewing marking materials and product documents
Assist firms to promptly report or notify the regulators including annual AML returns, controller’s report and data protection confirmations
Assist firms to perform due diligence on clients, prospective clients, business introducers and agents to mitigate the risk of money laundering, financing of terrorism and sanctions
In addition to the Sanctions screening, we will assist firms to conduct adverse information screening on clients with reduced ‘false positives’. This includes screening against the internal blacklist maintained by the organization
We will help clients in their interaction with clients especially related to approvals, notifications, regulatory reviews and enforcement actions.
Assist firms in reviewing the transaction monitoring scenarios on a periodic basis to keep the process robust and relevant. We will also handle, review and close transaction monitoring alerts for our clients
Assist firms in reviewing all internal suspicious activity reports filed by employees. We will also report any suspicious activity or transactions to the designated Money Laundering Reporting Officer (MLRO)