REGULATORY FRAMEWORK

REGULATORY FRAMEWORK

The regulatory tidal wave and the increased burden of the sanctions imposed on enterprises found to be in violation of local or international regulations has turned the regulatory risk into one of the most central risk factors which corporations are faced and forced to deal with. For over a decade now, we have been assisting a diverse range of enterprises to identify, manage, audit, and implement regulatory directives to which they are subject, through adopting and custom-tailoring international methodologies to provide suitable solutions accommodating the needs of the enterprise and the regulations that apply to the activities of the enterprise. From its inception, Entropy has been working with the majority of the compliance officers in banking and credit card corporations, in implementing and embedding the regulatory directives applicable to their activities. Among other things, we formulate advanced risk assessment methodologies for the benefit of the compliance team, formulate policy papers, implement advanced control processes, formulate risk-based workplans, characterize and embed support systems for managing and controlling risks.

Adopting a work routine that is based on regulatory associated risks contributes to the enterprise being able to achieve its goals and maintain its reputation as well as the interests of all the stakeholders.

 

since our inception, we work with the majority of the compliance officers in the banking and credit card corporations, in implementing and embedding the regulatory directives applicable to their activities. Among others things, we formulate advanced risk assessment methodologies for the benefit of the compliance team, formulate policy papers, implement advanced control processes, formulate risk-based workplans, characterize and embed support systems for managing and controlling risks.

the regulatory framework in the field of the prohibition on money laundering and financing terror has undergone a significant revolution in the last decade. Nowadays, this constitutes one of the most central aspects of managing compliance in general, and regulatory compliance in particular. We, at Entropy, specialize in this field, from performing gap surveys, through to refreshing and formulating policy papers and work procedures, formulating risk assessment methodologies that are tailored to the unique features of the corporation, analysis of risk focal points, characterizing and embedding monitoring systems and more.

our broad-spectrum acquaintance with the capital markets as well as our vastly accumulated experience, enable us to formulate and examine the effectiveness of enforcement programs according to the risk focal points and the unique organizational structure of each client. Through our professional and seasoned experts, we carry out enforcement projects, in which, the work processes are examined vis-à-vis the regulatory securities laws threats, after which we form controls that assist in reducing the exposure of a violation event or in the very least, these will be credited to the benefit of the corporation and its office holders if such event occurs.

the insurance and long-term savings fields are characterized by an abundance of regulatory directives that regulate the diverse branches of activities (savings, pension, elementary insurance, health insurance, life insurance and so forth). Alongside understanding the business and process aspects of capital market products, we, at Entropy, have in-depth knowledge and understanding of the relevant regulatory requirements and directives, including the infrastructure and means necessary to be in compliance therewith. Via our broad-spectrum view and knowledge of the field of insurance and savings, we customize implementable solutions to our clients, that enable them to operate according to the diverse range of regulatory directives, whilst minimizing their exposure to violations and/or the occurrence of defaulting events.

the range of our clients operating in different sectors mandated, that over the years we began operating and familiarizing ourselves with the entire range of regulatory fields that apply to our clients, including: privacy protection laws, consumer protection laws, corporate law, restrictive trade practices, bribery and corruption laws, and more. Operating via lawyers having expertise in the different specialty fields together with our process oriented approach, we formulated indicators and criterions that will assist any enterprise in identifying the regulatory exposure to which it is subject, as well as assisting it in risk based control and allocation of resources and performing risk focused processes to minimize the exposure, if a default event or violation occur.