financial times, friday 13 march 2009
DESCRIPTION
1 st Annual Compliance and AML Seminar 24 – 25 March 2009, Riyadh, KSA Panel Session 5: Compliance & Enforcement Marc Hambach, COO, Gulfmena Alternative Investments. Financial Times, Friday 13 March 2009. The regulatory lifecycle. Licensing Process. Application. License. Revocation. - PowerPoint PPT PresentationTRANSCRIPT
1st Annual Compliance and AML Seminar24 – 25 March 2009, Riyadh, KSA
Panel Session 5: Compliance & Enforcement Marc Hambach, COO, Gulfmena Alternative Investments
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Financial Times, Friday 13 March 2009
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The regulatory lifecycle
Desk-based & onsite assessments/ reviews
Special reviews
Ad hoc reviews
Periodic submissions
Ongoing
Supervision
Application License
Enforcement
Actions
Revocation
Criminal
Referral
Civil $$ $$
Licensing Process
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“See you later – regulator!”
Compliance team
Training
Dialogue & meetings
Policies procedures
Systems controls
Compliance Monitoring Program
Compliance Monitoring
Incentives for compliant behaviour
Compliance awareness
firm-wide responsibility
News &
Intelligence