Done well, a compliance monitoring programme (CMP) can highlight weaknesses in controls and provide assurance that your firm is meeting its regulatory obligations. But too often, they fall short. Documents fall out of line with regulatory change, the right stakeholders are not involved and monitoring loses sight of actual risk profiles and becomes a ‘tick box’ exercise.
The DFSA and FSRA expect your CMP to reflect how your business operates in practice.
We conduct detailed reviews and monitoring to assess whether your frameworks meet regulatory expectations and are functioning as intended. Our approach is risk‑based, proportionate and designed to provide clear, actionable insights.
How we can help
Compliance monitoring programmes
We design and implement monitoring programmes tailored to your business model and risk profile. Our services include:
- Developing or refreshing compliance monitoring plans
- Conducting regular or thematic reviews
- Testing the effectiveness of key controls
- Reviewing governance and oversight arrangements
- Assessing compliance with DFSA/FSRA rules
Bespoke regulatory reviews
We conduct targeted or complete reviews, identifying gaps and providing clear guidance on what is needed to meet the DFSA and FSRA expectations.
This includes:
- Client onboarding and due diligence
- Transaction monitoring and financial crime controls
- Outsourcing arrangements
- Conflicts of interest management
- Conduct of business requirements
- Governance and reporting structures
Risk assessments
We help firms understand their risk exposure and ensure their frameworks are proportionate. We conduct:
- AML/CTF risk assessments
- Business‑wide risk assessments
- Compliance risk assessments
- Governance and control reviews
- Annual independent review of the overall AML framework
Gap analysis
We assess your frameworks against regulatory requirements and industry expectations. This includes:
- Identifying gaps in policies, procedures, and controls
- Reviewing documentation and record‑keeping
- Providing prioritised recommendations
- Supporting remediation where required
Clear reporting and recommendations
Our reports provide a clear summary of findings, practical and prioritised actions, timelines for remediation and guidance on regulatory expectations.
Our experts
