RiskShield

Comsure Risk Shield stands out as a premier File Review Service, meticulously designed to meet the unique needs of the AML/CTF/CPF regulated sector. Our service goes beyond mere compliance; it delivers enhanced due diligence and remediation explicitly tailored for your business.

Our comprehensive file reviews uncover the depth of your firm's adherence to critical legal and regulatory standards, including financial crime prevention checks, customer risk assessments, and conflict checks. In today’s regulatory landscape, these reviews are beneficial and essential to a robust compliance framework.

Many firms are turning to outsourcing as a strategic solution because they recognise the challenges of dedicating time and expertise to regular file reviews. Our team of compliance experts, with extensive experience in regulated environments, brings invaluable insights and hands-on support to ensure your compliance arrangements are thoroughly assessed.

We proudly serve a diverse clientele, from TCSP and fund services to law firms, and have successfully enhanced internal file review systems for numerous organisations.

The advantages of outsourcing your file reviews are compelling:

• Significant time and cost savings
• Enhanced operational efficiency.
• Potential reductions in PII premiums
• Consistent and objective assessments
• Assurance of compliance with service-level agreements and protocols

Our offerings include:

• Comprehensive project management services
• Targeted compliance dip test services
• A range of other specialised services

Explore our capabilities further, and if you don’t find exactly what you need, contact us. If we can’t assist you directly, we’ll connect you with someone who can. Let us help you elevate your compliance strategy today.

We Can Provide

1. Project management services
2. Compliance dip test services
3. Other selected services

For an idea of what we do, please read on. If you do not see what you want, please get in touch with us and ask.  If we cannot help, we will know someone who can.

Project Management Options

• Full Team Deployment: We can provide a complete team to manage your compliance projects from start to finish.
• Hybrid Model: Work alongside your staff to offer expertise and support while maintaining your team’s involvement.
• Project Oversight: Provide oversight and guidance for your compliance projects to ensure they stay on track and meet regulatory standards.

Compliance Dip Test Services

• Spot Checks and Reviews: Conduct regular and random spot checks on high-risk clients to ensure compliance.
• Customer Due Diligence (CDD): Perform detailed CDD to verify clients' identity and risk level.
• Source of Wealth (SoW) and Payments: Verify the source of wealth and monitor payment activities for signs of money laundering.
• Tax Compliance: Ensure clients’ tax matters are in order and compliant with relevant regulations.
• Rationale and Oversight Reporting: Provide detailed reports on findings and recommend mitigating risks.

Other Selected Services

1. Client File Remediation: Comprehensive review and update of client files to ensure they meet current regulatory standards.
2. Gap Analysis: Identify and address existing compliance processes and documentation deficiencies.
3. Data Cleansing: Ensure accuracy and completeness of client data.
4. Regular Compliance Checks: Conduct annual reviews of client files and compliance processes to ensure adherence to regulatory requirements.
5. Risk Profiles: We regularly update client risk profiles based on new information or changes in client circumstances.
6. Initial and Ongoing Risk Assessments: Conduct thorough risk assessments of new and existing clients.
7. Enhanced Due Diligence (EDD): Provide in-depth analysis and EDD for higher-risk clients, including verification of source of wealth (SoW) and source of funds (SoF).

Why Choose Us?

• At Comsure Risk Shield, our team is our greatest asset. We are proud to have seasoned professionals with extensive experience in AML/CTF/CPF, compliance, and risk management. With our expertise, you can trust that your compliance needs are in good hands.
• At Comsure Risk Shield, we understand that each client is unique. We offer customised services to meet your needs, ensuring effective and efficient compliance.
• Partner with us at Comsure Risk Shield to safeguard your business and clients through rigorous compliance and enhanced due diligence processes. Your security is our priority.