Outsourcing of the Compliance Function
BV & Compliance offers various solutions depending on the type and specific characteristics of the individual structure.
Some activities do not require a full time Compliance function, others may require support for a period of considerable workload or specific problematics. Thanks to its flexible structure and the specialist know-how of its collaborators, B&V proposes the following services of interest:
- Global assumption of the Compliance function within banking or financial institutes
- Fixed term assumption of the Compliance function within banking or financial institutes
- Support for projects or specific problematics.
In the context, BV & Compliance offers, in particular:
a. Assessment of risks and the organisational structure; definition of adequate methods of implementation (Gap Analysis) and preparation of the plan of action
b. Information for the management regarding relevant changes in the compliance risk and measures of action
c. Assistance in completing tasks deriving from the anti-money laundering norm and the fight against funding terrorism: Know Your Client (KYC), Know your Transactions (KYT), CDB, implementation of international sanctions, analyses and preparation of client dossiers.
d. Analyses of specific cases of risk and assistance in drawing up announcements for the authorities.
e. Assistance in complying with conduct regulations on the markets; surveillance of abuse behaviours, internal organisation, rules on the matter of market abuse, personnel transactions and organisational measures.
f. Correct implementation of the “Framework regulations for asset management”: minimum standard, client profiling, suitability & appropriateness, best execution and management of conflicts in interest.
g. Support during the implementation of the internal control system and risk management tailored to the client depending on the activity carried out, their organisational structure and specific aspects
h. Preparation of a compliance report with regard to emerging risks and measures to be taken.