Ongoing compliance & regulatory changes

No. The applicable regime, supervisory category, risk profile and supervisor determine the audit arrangements. Some frameworks allow reduced audit frequency when the conditions are met. Financial-statement audits and regulatory audits also serve different purposes. The compliance calendar should follow the firm’s actual requirements and any specific directions.

Yes. Continuing compliance, reporting and change requirements apply even where there is no routine renewal application. Management should track the conditions attached to the permission, financial resources, responsible people and new activities. A license can be affected if the conditions for holding it cease to be met.

It gives recurring compliance work an agreed owner and schedule. The remit can include policy maintenance, regulatory-change reviews, management reporting and audit preparation. Operational tasks such as onboarding or transaction monitoring are included only where the mandate expressly defines the resources, access and authority needed.

Portfolio managers, trustees, SRO-affiliated intermediaries, payment businesses and crypto firms may need additional capacity or specialist advice. A retainer can support a small team, a newly authorized business or an established internal officer. We assess the required coverage before proposing an ongoing engagement.

An external appointment may be possible where the applicable rules and supervisory expectations are met. Authority, independence, competence, access and continuity all matter. Our retainer does not automatically include an officer appointment; that role requires an express mandate and a separate assessment of its requirements.

We can help keep policies and evidence current, organize the review file, coordinate responses and track findings to completion. The audit remains the responsibility of the appointed auditor or supervisory body. Preparation and remediation support are defined separately from performing an independent audit.

A regulated firm’s compliance work sits within its particular license or affiliation, supervisory relationship and reporting obligations. General AML advice may address a narrower question or setup project. We scope the continuing engagement around the firm’s actual status and the obligations attached to it.

The engagement letter lists the recurring tasks, review frequency, contacts and deliverables. Coverage can include policies, risk-assessment updates, regulatory questions, audit preparation and management reporting. Customer-file reviews, monitoring, suspicious-activity reporting support and formal officer duties need explicit inclusion rather than an assumed all-purpose package.

No. The firm’s board and management retain their applicable responsibilities. They need suitable oversight, timely information and evidence that the agreed controls operate. The mandate should make responsibilities, escalation decisions and access to records clear for both the internal team and external provider.

We agree the start date after reviewing the existing framework, open findings, access requirements and outgoing provider’s handover. Urgent issues receive a specific owner and deadline. The transition plan identifies who remains responsible for each obligation until the new arrangement is operational.

Both are possible. After a licensing project, we can use the approved framework as the starting point for continuing support. For an existing firm, we first review its policies, supervisory correspondence and outstanding actions. In either case, the ongoing remit is agreed expressly.

A monthly or annual fee can be agreed against defined tasks, availability and activity assumptions. Complexity, supervisory status, transaction-related work and internal capacity affect the scope. Official fees, audit charges, software and major projects are separately identified, and additional work is agreed before it begins.

We can assess and propose continuing legal and compliance support for your business. The initial review establishes the functions required and which we can undertake within an appropriate mandate. Any formal AML-officer role or operational responsibility must be expressly agreed with suitable authority and resources.

Yes. The engagement can focus on legal interpretation, documentation, regulatory changes and review preparation while your internal officer runs the operational function. Clear reporting lines and agreed escalation points help the two roles work together without leaving tasks unassigned.

We review the effect on the regulatory position, risk profile and agreed workload. Some changes fit within recurring support; others need a separate project or revised mandate. Any adjustment to scope, staffing or fees is discussed before the additional work starts.