Gain a thorough understanding of the business operations to adequately assess the impact of applicable laws and regulations. We narrow the playing field to focus on rules and regulations that directly affect the firm’s ability to operate in its industry.

Analyze and break down the business processes to directly address any potential regulatory impact or concern. Identify potential gaps in current procedures. Create a correlation between applicable rules and regulations to how a firm operates its business.

Design adequate policies and procedures that allow for efficient business processes while effectively mitigating regulatory risk. Ensure adequate documentation is retained to demonstrate the compliance control environment. Build a strong culture of compliance throughout the organization.

Ensure compliance program is adequately designed and operating effectively across all business operations through periodic review and testing. Conduct an annual/quarterly review of compliance controls to identify any weaknesses or deficiencies that need to be timely addressed.

Train employees on the compliance program and adherence to the firm’s Code of Ethics. Ensure updates and enhancements to the compliance program are timely communicated to the affected employees.

Keep open lines of communication with key personnel to gain understanding of actual or potential changes to the business operations and how they impact the compliance program.