Compliance Management

Compliance is more than just box-ticking. With the right tools, it can offer competitive advantage. We give you the confidence to stay ahead of regulatory, legislative, and political change.

Overview

The compliance and reporting landscape is putting huge demands on organisations as economic and non-economic regulations are becoming more complex. As part of the broader reform agenda, as the underlying economy transforms, industry and Governments are increasingly seeking more contractual and regulatory changes. While some are procedural, many have the potential for profound operational and strategic implications for customers, policymakers, market participants and investors, and in some cases can make or break decisions to operate businesses, enter new markets or exit existing ones. Being aware, interpreting and responding to these is now an essential component of any business’s strategy and operation.

At DBS Global, we have a global mindset, cross-border reach & local experience to meet your compliance and reporting needs now and in the future.

We help you not just reduce your non-compliance risk but also assist you achieve your compliance obligations and add value in a cost-effective way, thus reducing the burden and overhead of compliance.

Compliance Assessment

As a starting point, we undertake a detailed assessment of your underlying processes and practices to comply with relevant laws, regulations, binding agreements, covenants, or mandated policies. This will provide you with an independent clear picture of your ‘current state’ by identifying any areas of non or partial compliance prior to reporting to any internal or external stakeholders, including regulators, so that corrective actions can be take on time. We also identify any areas for improvement to your internal compliance processes and practices.

Compliance Management Framework

We work to provide a clear, logical approach to help you design, implement, and manage a compliance function that encompasses the specific needs of your organisation. Such a compliance function can also be fully outsourced to us so that you can focus on your core business without the burden and overhead of managing compliances.

At the core of this is having a standardised compliance management framework embedded in the organisation which goes a long way in not only ensuring compliance but also making the compliance process cost effective.

Such a framework will include one or more of the following elements depending on your unique circumstances and situations.

Mapping of internal processes to your compliance obligations
Identifying current controls and reporting mechanisms and improving it, if required
Assessing the roles and responsibilities within the organisation to ensure compliance and whether changes are required
Setting up internal and external communications strategy and protocols in relation to any non or partial compliances.
Identifying technology solutions to your compliance obligations
Setting up oversight, escalation, and reporting structures
Developing dashboards for transparency and accountability
Using data for effectively managing and achieving compliance
Setting up new or amending current policies and standard operating procedures to streamline achievement of compliance obligations.

Compliance Management Platform

We can automate all the compliances that a company and its subsidiaries need to follow through our state of the art and intuitive technology platform. The compliance platform will enable your organisation to manage all its compliance obligations efficiently and effectively. The compliance management platform is a powerful automation system backed up by two teams of qualified company secretaries. One of the team works with organisations to enable the smooth setup and execution of the system, as per your specific parameters. The other team focuses on scanning and continuously monitoring for any changes/enhancements to the relevant regulations, which are then updated on the compliance management platform. This ensures that the compliance management platform’s content libraries and associated triggers are always kept up to date in a timely manner. Through our services, you will never miss a compliance deadline!

Key Features

Fully automated workflows automated as per company profile
Continuously updated library of compliance requirements
Event based/Periodic
Exception Based Escalations
Multi-company support through a single interface

Governance

Strategic

Tactical

Operational

Governance

Strategic

Tactical

Operational