Broker dealers are navigating through a challenging and ever-changing regulatory landscape. Whether it’s the implementation of new regulations or assessing the regulatory impact of implementing a growth strategy for your business, we are your trusted partner that will help you navigate the challenges these represent. We can customize a value proposition for you, whether it is for technical support, such as drafting, reviewing, editing Written Supervisory Procedures, Product Programs, Supervisory Programs and Procedures, Evaluating Supervisory Tools (technology), developing Anti-money Laundering Programs and Procedures. We can also assist you in more strategic initiatives such as Enterprise Risk Management Programs, performance of regulatory…

International Wealth Management Services have become an increasingly important business component to every broker/dealer, investment advisor and bank. However, as with all business ventures, international wealth management carries risks. Generally, when speaking about international wealth management services the focus tends to be on anti-money laundering risks and while, certainly, Anti-money Laundering is a pressing concern when doing cross border business it is not the only risk to be considered. Other risks, such as presence standards, local registration requirements, product selection, client interaction and cross border data travel are some of the other risks typically overlooked which are critical in managing…

The Investment Advisory business is getting more complex and challenging as increased regulatory focus on the activity of advisors come into effect and more competition enters the field. CIMA Financial Regulation Consultants are here to support you. Because we have developed Investment Advisory protocols to cover registration, Code of Ethics and Fiduciary Oversight strategies, we have the necessary experience to tackle most of the issues faced by today's advisors. Whether it is registration (state, SEC or helping navigate the different possible exemptions), providing content and oversight of the advisory/fiduciary activities, to developing an investment advisory supervision program we can become…

It is every manager’s worst nightmare; a problem has been uncovered that requires for the organization to perform a remediation or a lookback review. Regardless if it is self-identified or mandated, remediations have the same characteristics: they are costly, they can overwhelm existing resources and they require a high level of acuteness to understand the proper way to correct deficiency and how to avoid it in the future. Because our consultants have prior experience in remediation and look back reviews, we can provide vital guidance and flawless execution that will prove to be cost efficient and will allow you close…

Anti-money Laundering (AML) is one of today’s most important risks financial services firms face. Whether your business is domestic or international having a robust AML program is the one of the pillars of a sound compliance and control program. We at CIMA FRC have experience in developing best in class AML programs for international businesses. We have worked closely with compliance officers’ regulators and business managers to understand what the best practices are when developing and testing your AML program. We assist clients in developing and implementing Know Your Customer risk-based methodologies, conducting enhanced due diligence on their behalf and…