Banks & Lenders

RACO’s Services for Banks & Lenders

The sector for Banks & Lenders is highly regulated. It is, therefore, essential to be independently assessed to ascertain compliance with the range of legislation and regulations that impact such organisations.

More and more, we are seeing a culture of financial sanctions and fines taking shape, and the penalties for non-compliance can be severe. Thus, ensuring an organisation does not fall short of regulatory standards should remain a constant priority.

Banks & Lenders will likely have internal Compliance departments already. However, there still remains the necessity for independent assessment and audits. This is for the purpose of challenging the internal compliance regime.

Meeting the requirements of the Financial Conduct Authority is mandatory, and as an independent body, the Regulation & Compliance Office can fulfil this function effectively. We also provide general support, which will assist in overall compliance strategy.

RACO’s services and solutions were developed to provide Banks & Lenders with the support needed to adequately respond to regulatory demands.

Our services for Banks and Lenders include:

• Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance
• GDPR and Data Protection compliance
• Employment Regulations compliance
• Complaint investigations, management and handling
• Bribery Act 2010 compliance
• Treating Customers Fairly compliance
• Financial investigations

If you would like to discuss our services in more detail, you can contact us at 0203 985 8550, email us at info@regulationandcomplianceoffice.co.uk or complete an enquiry form.