What is regulatory liaison?
Dealing with Regulators can be daunting, even for those with the best financial crime programmes. Often the greatest difficulty is in articulating and evidencing the strength of your financial crime programme.
Why it matters
The way in which you respond to the regulator will set the tone for your relationship with them. As former UK FCA regulators, we know how to support you in preparing for a visit from the regulator and how to best provide written responses.
What we do
Having conducted reviews both for clients and as regulators, we use our experience of what works and what doesn’t, to help you respond in a manner that shows you understand your financial crime risks and regulatory requirements, and that you have turned this understanding into an effective financial crime compliance programme.
Whilst working at the FCA we:
– Delivered interview and dawn raid training
– Led dawn raid teams
– Led proactive financial crime programme reviews including interviews and file reviews
– Issued information requirements
– Led day to day Supervisory oversight of regulated Firms
– Led thematic visits using specialist teams
What you get
Based on your first-hand experience we will help you in all elements of your regulatory liaison including:
– Responding to information requests
– Preparation and management of planned regulatory visits
– Dawn raid planning
– File review preparation
– Creating information packs
– Drafting presentations