Offering customised compliance manuals, policies and procedures to ensure your organization adheres to regulatory obligations.
The Compliance function plays a critical role in the control mechanism of an organisation, ensuring that the business adheres with the applicable laws and regulations pertaining to the specific financial services industry, as well as professional standards, accepted business practices and internal policies.
At RMC Wise we offer comprehensive regulatory compliance services, including dedicated compliance officers or regulatory compliance support, to help your organisation navigate the financial services landscape with confidence.
RMC Wise takes a proactive approach to regulatory compliance. Our team of experienced compliance professionals stays abreast of the ever-changing rules and regulations, keeping you compliant now and in the future.
Compliance
Officer Role
RMC Wise offers a team of professionals who can assume a compliance officer role either on an outsourced or seconded basis. All our team members are known to the MFSA and have been approved to hold the role of Compliance Officer across various industries. The dedicated compliance officer will work closely our clients to develop a customised compliance framework. This framework will include a risk-based compliance monitoring programme designed to continuously monitor and evaluate the adequacy and effectiveness of the controls in place and identify areas for improvement.
Regulatory
Compliance Support
RMC Wise goes beyond providing Compliance Officers. We also empower our clients' existing team.
Our comprehensive compliance support services help clients address current gaps, meet the regulator expectations, and prepare for upcoming regulatory changes. Whether you need ongoing support or assistance with a specific project, we can be your partner. We offer both retained and project-based engagements to fit our clients' needs.
Regulatory
Compliance Services
Identifying and assessing potential compliance risks and work with our clients to implement robust controls and procedures to minimize these risks and safeguard your organisation. Compliance risks are monitored on an ongoing basis through a tailored risk-based compliance monitoring programme.
Assisting with managing and addressing regulatory correspondence, notifications and reporting deadlines, keeping you on top of your obligations.
Developing and delivering compliance training sessions to ensure clients understand their regulatory responsibilities.
Providing regular reports to clients to keep them informed about the compliance status and any areas that may require attention.
Guidance with new regulatory developments
Offering guidance on new regulations and upcoming changes, helping you stay ahead of the curve and adapt proactively.
RMC WISE
FAQ'S
What services does RMC Wise Ltd provide?
RMC Wise Ltd offers a range of services including but not limited to *Risk Management*, *Regulatory Compliance*, *Financial Services Consultancy*, *AML/CFT Compliance*, *Internal Audit*, and *Regulatory Reporting Services.*
What is Risk Management, and how does RMC Wise Ltd approach it?
Risk Management involves identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability or impact of an event that may or may not have a negative outcome on the Company. RMC Wise tailors risk management solutions based on a thorough understanding of each client's risk profile, business model and overall objectives, offering services such as governance, policies & procedures, enterprise-wide risk assessments, outsourced risk management functions, and cyber risk support.
What is Regulatory Compliance, and why is it important?
Regulatory Compliance ensures that a business adheres to external rules and internal controls imposed by regulatory bodies. It aims to protect license holders and their clients, ensure fair and transparent markets, reduce systemic risk, and combat financial crime. The Compliance Function advises and assists personnel in complying with legal and regulatory obligations, regularly assessing the effectiveness of measures and procedures in place. This is done through the effective implementation of a risk-based Compliance Monitoring Programme (CMP).
How does RMC Wise Ltd assist with AML/CFT Compliance?
RMC Wise Ltd helps businesses meet their Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations by providing services such as risk assessments, customer due diligence, ongoing monitoring, transaction reporting, and AML training. They assist firms in implementing robust frameworks to prevent financial crime and comply with regulatory requirements.
What Internal Audit services does RMC Wise Ltd offer?
RMC Wise Ltd provides independent Internal Audit services to its clients. Internal Audit is crucial for ensuring the efficiency, security, and compliance of an organization. It provides independent assurance that a company’s risk management, governance, and internal control processes are functioning effectively. Moreover, Internal Audits help identify weaknesses, improve operational efficiency, and ensure compliance with regulatory requirements, reducing the risk of fraud and financial mismanagement. Our services include reviewing compliance with regulatory requirements, evaluating operational risks, and offering recommendations for process improvements to ensure organizations operate efficiently and securely. This is done through the effective implementation of a risk-based Internal Audit Plan.
RMC WISE
members of
