Remediation / Compliance Projects

Waves of regulations are keeping financial institutions on their toes. Over the past decades, the local and international regulators have tightened regulations on financial services institutions to counter the ever-evolving technique of perpetrating financial crimes. When ignored, crucial lapses in compliance occur, creating room for a host of compliance risks and enforcement actions.

To prevent potentially damaging consequences when things do go wrong, or when new laws are introduced, it’s up to financial institutions to take on effective remediation projects that not only identify the root causes of particular problems but put comprehensive plans in place to remedy them and communicate those improvements to the appropriate authority.

FCRM Limited is not only swift at reviewing new legislations (or review exceptions) and determining their applicability to our client, but we are also fast at constituting the appropriate workgroup/ taskforce to perform remediation projects.