We perform adequacy assessments (or adequacy audits) of our clients’ policies and procedures to ensure compliance with the relevant regulations/directives, Implementation Procedures, specific industry guidelines and best practice.
AML/CFT Risk Assessments
In accordance with Article 5 of the Prevention of Money Laundering and Funding of Terrorism Regulations, every subject person shall perform a risk assessment proportionate to its nature and size, to identify and assess the risks of money laundering and funding of terrorism that arise out of its activities or services. Such risk assessment shall be properly documented and regularly reviewed and kept up-to-date.
We assist our clients in performing their AML/CFT risk assessments or conduct independent review of clients’ risk assessments.
Data Protection Impact Assessments
In accordance with the GDPR where processing operations are likely to result in a high risk to the rights and freedoms of natural persons, the controller should be responsible for the carrying-out of a data protection impact assessment to evaluate, in particular, the origin, nature, particularity and severity of that risk. The outcome of the assessment should be taken into account when determining the appropriate measures to be taken in order to demonstrate that the processing of personal data complies with the GDPR.
We assist clients and Data Protection Officers, where applicable, in performing Data Protection impact assessments.