Case Study: Regulatory compliance assurance
A financial services firm required assurance that they were compliant with regulations relating to areas in which they operated.
This engagement required Deloitte to provide assurance on the compliance policies and procedures in a financial services company. In a highly regulated industry such as financial services, it was necessary to focus on a variety of regulations including reporting to overseas regulatory bodies, the examination of anti-money laundering procedures and capital requirements planning.
We were also required to define how the reporting process requirements would be applied across a wide variety of locations where the company branches operated.
To ensure that regulatory reporting requirements were being met throughout the organisation we undertook analysis of processes and documentation across a number of key areas:
Through the assessment of operation and design of the many policies and procedures in place, we were able to provide the client with the required detail on their ability to meet compliance requirements and ensure the company was aware of their obligations in these areas: