Risk & Compliance 

Gibraltar, being part of the EU is required to implement all applicable EU Directives and as such is a highly regulated jurisdiction in which financial services businesses have a range of legislation and regulation to comply with. Laws and regulations are a continuously moving target. Organisations need to ensure effective compliance with increasingly varied and complex requirements.

Organisations of all kinds are being expected to get better at identifying, understanding and managing the risks they face. To varying degrees, all organisations are exposed to risks associated with:

 

  • financial misadventures
  • operational deficiencies
  • legislative and regulatory non-compliance
  • fraud and misconduct
  • commercial disputation and litigation
  • business continuity
  • technological change
  • reputational damage

 

 

Given the breadth and complexity of the typical organisational risk profile, it’s increasingly recognised that risk management can’t be the responsibility of a single individual or department — rather it has to be embedded across the organisation, starting with the board and the CEO.

David McGarry

David McGarry

Director : Audit & Advisory

+350 200 48600

dmcgarry@kpmg.gi

How we can help

 

Compliance is a critical issue for all businesses. In particular, the regulatory and legal requirements covering money laundering, bribery and corruption and the licensing and probity requirements being imposed in many industries are becoming tighter.

 

Smart organisations are making a virtue out of regulatory compliance, using it to improve performance and enhance competitiveness.

 

Our services include: 

 

 

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