COMPLIANCE RETAINER

It’s not just about professional, accurate and succinct advice, although this helps. Once the report is written or the monitoring program is completed it is your responsibility to ensure any findings identified are rectified. This is the real value add and ultimately the reason for the report or the review! Compliance departments can often find they are being spread too thinly or they simply require an extra pair of hands to get them through a certain project. Effecta is that extra pair of hands. Let us support your Compliance function at times when resources are stretched, or project deadlines are looming. An independent consultant to back up your internal team can be invaluable in getting the job done and getting it done properly and effectively for the long term.

Effecta also provides mentoring services for more junior members of the team or new Compliance Officer and Money Laundering Officers. This can be in the form of one-to-one training, weekly advisory clinics or ad-hoc advice as and when an issue arises.

Effecta can provide this support in a variety of ways including:

Retainer Agreement

This can provide you with a certain amount of hours support on an on-going basis. This support can be highly flexible to your requirements and can change as your requirements change over time.

Structured Advisory Engagement

Providing advice around a specific topic or for a specific reason such as mentoring your Compliance Officer or other members of your Compliance team.

Flexible Ad-hoc Agreement

Providing access to our consultants as and when needed. Our experienced compliance practitioners can then help to identify a practical solution quickly and economically.