1. Regulatory Compliance: This involves ensuring that the client’s business operations comply with relevant regulations and standards, including industry-specific regulations and government regulations. It includes monitoring changes in regulations and updating compliance policies and procedures accordingly.
2. Internal Audit: This involves conducting an independent assessment of the client’s internal controls, policies, and procedures to identify potential risks and areas of improvement. It includes evaluating the effectiveness of the client’s risk management, governance, and compliance programs.
3. Due Diligence: This involves conducting due diligence on potential partners, vendors, or other third parties to ensure that they meet the client’s standards for regulatory compliance, financial stability, and other relevant criteria.
4. Anti-Money Laundering (AML) and Know Your Customer (KYC): This involves implementing and managing AML and KYC compliance programs to prevent money laundering and other financial crimes. It includes conducting risk assessments, developing policies and procedures, and monitoring transactions for suspicious activity.
5. Corporate Governance: This involves developing and implementing corporate governance policies and procedures to ensure that the client’s business operations are conducted in an ethical and transparent manner. It includes defining the roles and responsibilities of the board of directors and senior management, and ensuring compliance with relevant regulations and standards.
6. Other Related Services: This includes a range of other backoffice services, such as financial reporting, tax compliance, payroll processing, and other administrative services. These services are designed to help the client manage their day-to-day operations more efficiently and effectively.