Services

Our expert team has been working with Fintechs and Banks with due diligence, structures, and partnerships.

Program includes:

• Strategic Partner Selection & Due Diligence

• Due Diligence, Onboarding, and Implementation

• Compliance, Operational and Risk Management Due Diligence and Analysis

• Ongoing Monitoring and Reporting

• Regulatory Exam Support

• Fractional Compliance Officer

• BSA/AML & Compliance Program Design & Support

We help leaders and organizations manage changing regulatory environment. Our team, many of whom are former regulators or compliance professionals, provide strategic guidance through every step.

Program Includes:

• Customized regulatory compliance & AML program design & implementation

• Governance

• AML & Compliance Staffing Support / Augmentation

• Regulatory Exam Preparation and Remediation Support

• Remediation and “Look-Back” Projects

• Staff and Board Compliance & BSA/AML Training (virtual or onsite)

• Monitoring, Testing & Reporting

• Compliance Officer & BSA Officer support

We help banks assess their fintech readiness - whether from a technical perspective or the securing board buy-in - LFP Risk Solutons is poised to guide you through each program stage.

Program includes:

• Operational Preparedness Assessment: Technological Infrastructure: Ensuring robust, secure, and up-to-date IT systems capable of handling daily operations and any unforeseen demands.

• Risk Management Assessment: Effective identification, assessment, and mitigation of financial risks, including credit, market, and operational risks.

• Regulatory Compliance Assessment: Adherence to Regulations - Staying current with and fully compliant with all relevant local and international banking regulations and standards.

• Ongoing Reporting and Transparency: Accurate and timely reporting to regulatory authorities and stakeholders.

• Communication: Clear, timely communication with customers during any disruptions or changes in service.

Compliance Program Design refers to systematically developing and implementing policies, procedures, and practices to ensure that an organization adheres to relevant laws, regulations, and ethical standards. This comprehensive process involves identifying compliance requirements, assessing risks, and creating a structured framework that promotes a culture of integrity and accountability within the organization.

Program Includes:

• Risk Assessment: Identifying potential compliance risks specific to the organization’s industry, operations, and geographical locations. This involves evaluating the likelihood and impact of non-compliance in various areas.

• Policy Development: Crafting clear, accessible, and enforceable policies that address the identified risks and outline the organization’s commitment to legal and ethical conduct. These policies should be aligned with current laws and industry standards.

• Training and Education: Implementing comprehensive training programs to ensure that employees at all levels understand their responsibilities and the importance of compliance. This includes regular updates and refreshers to inform everyone of new regulations and internal policies.

• Monitoring and Auditing: Establish continuous monitoring mechanisms and periodic audits to detect and address compliance issues proactively. This helps maintain oversight and identify areas for improvement.

• Reporting and Communication: Creating effective channels for reporting suspected violations without fear of retaliation. Clear communication strategies ensure that employees know how to report concerns and that these reports are handled appropriately.

• Enforcement and Discipline: Developing fair and consistent disciplinary measures to address non-compliance. Including taking corrective actions to prevent future violations and ensuring accountability at all levels.

• Continuous Improvement: Regularly reviewing and updating the compliance program to reflect changes in laws, regulations, and business practices, involving feedback and lessons learned from compliance activities to enhance the program’s effectiveness.