State of the art compliance solutions, while "living" a customer oriented best practice approach.

Ready for the EU General Data Protection Regulation (GDPR)?

The EU General Data Protection Regulation (GDPR) will replace the Data Protection Directive 95/46/EC on the 25th May 2018 and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.

One of the main changes is the increased territorial scope - GDPR applies to all companies processing the personal data of data subjects residing in the European Union.

complias can help companies to determine whether they are in scope of GDPR as well as in defining and implementing necessary measures to comply with this EU regulation.

In addition, the Swiss data protection act is currently under revision – the expected rules will align with international requirements such as GDPR but will also outline Swiss particularities in this matter.

Services

Our fresh-thinking and dynamic enterprise offers a broad and comprehensive variety of compliance solutions for banks and other financial intermediaries:

  • Risk analysis of existing structures and processes
  • Identification, control and elimination of compliance risk issues
  • Development and execution of tailor-made compliance strategies and concepts
  • Project management and compliance requirements
  • Compliance outsourcing solutions
  • Development, establishment and maintenance of internal directives
  • KYC client files reviews and updates
  • Personnel training
  • Compliance quality control
  • Clarifications and opinions (compliance, legal and risk management)
  • Development of compliance tools
  • Legal services
  • "Crisis" management support (compliance-related)
  • Compliance documentation
  • Financial services regulatory support
  • complias Country Risk Matrix ©
  • complias Country Rating Model ©
  • complias Panama Papers related services (factsheet)
  • Three steps to profit generating compliance

Compliance costs

  • Understanding new compliance requirements
  • Translating regulation in practical adequate solutions
  • Implementing new directives and guidelines
  • Costs of systems, internal training, process redesign, information and consultancy
  • Disadvantage of competing with non-complying financial institutions

Cost reducing solutions

  • Involvement in developing practically oriented regulation
  • Incentives for regulators to ensure compliance cost reduction
  • Early communication / information on regulatory requirements
  • Clear guidelines on compliance and liability
  • Reduce complexity and overlaps
  • Interdepartmental coordination
  • Eliminate unnecessary compliance efforts
  • Avoiding higher compliance costs and penalties for non-compliance

Profit generating compliance

  • KYC for new clients acquisition purposes
  • Compliance related products for opening new opportunities
  • Compliance systems for more efficient process management and control
  • Cost cutting through upgraded organization
  • Increased interaction with regulators for the promotion of the Swiss financial market

Contact

complias ltd

compliance advanced solutions
kirchacherstr. 9
CH-8608 Bubikon Zurich

t +41(0)43 343 92 45
f +41(0)43 343 92 49


General questions, email:

info@complias.com

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