We offer services to banks and financial services entities. Our staff and partners are able to provide the highest level of experience which our clients need. Our professionals do not just offer a textbook approach to solving problems. While all our people have university level financial and accounting training, a number of our staff have also worked in the banking industry.

Our management group brings a wealth of experience from financial centres around the globe, and they have immediate access to specialists throughout BDO Network in all aspects of financial and operational consulting. This expertise can be invaluable to our clients when they need to understand. Recognised industry best practices which are closely assessed when forging relationships with foreign banks and financial institutions.

Our Financial Services Regulatory Practice helps clients both understand and manage the regulatory environment that surrounds much of the Financial Services Industry.  Below you can find out about the services we offer.

Regulatory Advice

In this time of immense regulatory change for many financial services businesses, the quantity of legislation, guidance and other related communications can be daunting.  To truly understand the impact of changes in the regulatory environment upon your fim, we are able to provide:

• Tailored impact assessments
• Health checks
• Quality reviews on submissions to the FSA

Compliance reviews and support

• Reviews and development of existing internal compliance and corporate governance arrangements
• Assurance reviews on specific topics for example: MiFID

Specialist reviews and reports

We can help with the preparation and execution of a wide variety of specialist projects including:

• Corporate Finance due diligence, restructuring and refinancing reviews
• Advice on varying permissions or deregistering from CYSEC authorisation

Money laundering and financial crime

Our money laundering and financial crime specialists have substantial technical knowledge of the CYSEC rules and Cyprus Money Laundering Law.

Our primary objective is to ensure that you meet regulatory requirements and industry good practice.  Our risk based approach can lead to substantial cost savings, reduction in risks whilst leaving you and your business to concentrate on the real money laundering risks as well as providing a more accessible service to lower risk customers. 

Internal Audit and Risk Management

Our Risk Advisory Team has dedicated resource with experience and skills in providing internal audit and risk management services to firms involved in the financial services market, including:

• Outsourcing of internal audit function
• Quality assessment of internal audit functions