Regulatory Compliance Services
Upon obtaining the license approval from MAS, our team of experienced staff will assist you in setting up the initial regulatory compliance function. This includes the drafting of compliance policies and procedures that are tailored to your business needs and training the relevant personnel in the key compliance areas.
Our professional team have practical experience in providing Family Offices, Fund Management Companies, Financial Advisers, Insurance Brokers, and other MAS Capital Market Services Licensees with holistic regulatory compliance solutions.
On an ongoing basis, our team will support you in the following areas:
- Customise and design an ongoing compliance monitoring program that is suitable for your business to ensure compliance with MAS rules and regulations (MAS compliance)
- Set up and/or review and address gaps in the current compliance policies against requirements per MAS’ Notices and Guidelines (e.g. to review the existing Business Continuity Management (BCM)* policies and procedures against the requirements of the revised MAS Guidelines on BCM)
- Share regulatory updates that are relevant to your business and help analyse the impact on your business.
- Maintenance of key compliance registers
- Performance of standard or enhanced Know Your Customer (KYC) and Customer Due Diligence (CDD, EDD) services, including identification and verification, screening, risk assessment and documentation, and corroboration of customer’s source of wealth and source of funds
- Support in the company’s correspondences/dealings with the regulator and auditors
- Provision of ad-hoc compliance advice
- Provision of key compliance trainings e.g. anti-money laundering AML training, Cybersecurity training
- Other services: Corporate Governance (CG) advisory for FinTech companies, Family Offices and General Enterprises
Outsource Compliance Services with Cambridge Advisers
We make it easy to run an effective compliance function for small and medium sized businesses who are often stretched on resources and find it hard to justify putting in place an in-house regulatory compliance team.
With our outsourced compliance services, you will be provided with the necessary guidance and support to navigate around the complex and ever-changing regulatory landscape.
Cambridge Advisers has established a strategic partnership with the world’s leading technology vendors to ensure that the solution we recommend will meet your unique business needs, which sets us apart as a tech-driven, customer centric compliance consulting firm.
Along with in-depth compliance consultations, custom strategies, and hands-on guidance, we are committed to providing you effective solutions using powerful centralised tools.
Tailored to Meet your Compliance Needs
It can be challenging and time-consuming to ensure full compliance with all rules and regulations. Our team of compliance professionals will make your compliance obligations a worry-free endeavor.
With our expertise and guidance, you’ll always have peace of mind as a compliant financial institution.
In addition, you benefit from the following:
- Free up your company’s resources
- Save on hiring and in-house training costs
- Tap on the expertise of experienced professionals
- Mitigate reputational and financial risks of non-compliant
Let us help support your business so that you can focus on what matters most. Outsource your compliance needs to us.
Contact us for a free consultation today!
Regulatory Compliance as your competitive advantage
In the current environment where businesses faced increased competitions, regulatory compliance could be your business competitive advantage. Investors, customers, distributors and business partners will perform due diligence. They will ask questions such as do you have a compliance framework in place? Have you tested your business continuity plan? How do you mitigate technology risks? What are your confidentiality and data privacy policies? Did your audit report present any material findings?
Our team will help you design and maintain a compliance program with the end in mind – to help your business standout amongst your competitors.
Frequently Asked Questions
This usually depends on the nature and size of your company. For example, MAS allows compliance outsourcing for fund management companies with AUM of below S$1 billion and below.
A professional compliance consulting firm has the right expertise to interpret and simplify rules and regulations for your business. An experienced consultant will be able to design a compliance framework that is suitable for your business and share industry insights and practices. The end result is a compliant business with reduced compliance costs and increased business competitiveness.
An outsourced compliance firm can provide partial to full outsourced compliance solutions, depending on your company needs and setup.
It is recommended that a regulated financial institution go through compliance audit regularly, typically not lesser than once every 3 years.
When you have a trusted compliance consulting firm by your side, they can provide you with up-to-date knowledge of the various compliance regulations and their requirements. This will allow you to determine what suits your industry and organisation. The professional consultant will also enable you to understand the compliance liabilities and associated risks.