Compliance Review & Gap Analysis
Our team brings a deep understanding of both the technical requirements of applicable regulations and the practical realities of regulatory enforcement and interpretation. These insights, often not readily available in the public domain, enable us to provide guidance that is both technically sound and commercially pragmatic.
We conduct reviews across a broad range of licensed and regulated entities, including brokerage firms, family offices, private equity funds, hedge funds, and companies engaged in discretionary account management. Our credentials also include independent internal control reviews for the asset management arm of a listed company in Hong Kong.
As part of our compliance review and gap analysis, we typically assess and update the following key areas:
- Internal audit program
Testing the effectiveness of internal monitoring and assurance mechanisms. - Compliance policies and procedures
Reviewing the adequacy and consistency of documented compliance frameworks. - Know Your Client (KYC) documentation
Assessing the sufficiency of client onboarding files, due diligence records, and risk ratings. - Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) procedures
Evaluating policies and controls to ensure compliance with statutory obligations. - Marketing and promotional program controls
Reviewing program design, content approval procedures, and record-keeping to ensure compliance with regulatory standards.
For newly established firms, our compliance team can also assist in designing and drafting all required process and procedure documentation, providing a ready-to-implement compliance framework aligned to best practice and regulatory expectations.
