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Monitoring plan & risk assessment
We develop and execute an annual, risk-based monitoring plan covering scope, frequency, sampling and the controls that matter most to your business.
FAIS · FICA · Oversight service
Compliance Monitoring
Practical, risk-based oversight that keeps financial service providers aligned, evidence-ready and regulator-ready.
For FSPs with multiple Key Individuals or one or more representatives, RCC provides the approved, independent compliance oversight required to monitor FAIS and FICA obligations with confidence.
Overview
What the service covers
Compliance monitoring is an ongoing oversight function, not a once-off checklist. We take a risk-based approach to evaluate your compliance framework, test controls, review evidence and report on effectiveness.
The result is a clear view of where your controls are working, where exposure remains and what must happen next—giving management the assurance and insight to lead with confidence.
Core monitoring areas
- Governance, fit and proper and key controls
- Advice quality, product suitability and client outcomes
- FICA / AML controls and regulatory reporting
- Policies, procedures and operational effectiveness
- Issue identification, escalation and remediation tracking
Our approach
What compliance monitoring entails
02
Fit & proper oversight
We monitor competence, integrity, regulatory exams, qualifications, CoB and CPD, and verify representative registers and supervision records.
03
Advice & file reviews
We sample advice files for suitability, disclosures, replacements, conflicts of interest and complete, retrievable client records.
04
Conduct & operational monitoring
We review complaints, debarment processes, advertising, direct marketing and relevant operational conduct controls.
05
FICA / AML monitoring
We test your RMCP, CDD and enhanced due diligence, beneficial ownership, sanctions screening and regulatory reporting controls.
06
Management & regulatory reporting
We deliver clear quarterly management reports, support statutory submissions and escalate material irregularities when required.
07
Remediation & training
We track findings through to verified closure and provide practical regulatory guidance and targeted awareness training.
Our process
How monitoring works
- 01
Assess
We assess your risk, controls and compliance maturity.
- 02
Monitor
We test controls, review evidence and monitor key areas.
- 03
Report
We report findings, trends and recommendations clearly.
- 04
Remediate
We support corrective actions and track them to closure.
Deliverables you can expect
Compliance monitoring plan
A tailored annual plan based on your risk profile.
Quarterly reports
Clear insight into findings, trends and priority risks.
Findings & action log
Practical actions with owners, deadlines and status.
Regulatory guidance
Relevant advice and updates that strengthen your framework.
Why clients choose RCC
Independent oversight
Objective, risk-based reviews that add real value and reassurance.
Practical business understanding
Monitoring shaped around your operating model and regulatory context.
Clear, actionable reporting
Reports that make priorities, owners and next steps easy to understand.
Ongoing support
We stay with you through remediation and changing compliance needs.
Stay ahead of compliance risk.
Let’s put a practical monitoring structure around your compliance obligations.