Outsourced Compliance in Singapore
HM Strategy provides outsourced compliance support in Singapore for payment institutions, fund managers and other financial services firms. We work alongside boards, management and existing compliance staff to build and maintain a practical programme matched to the firm’s activities, risks and regulatory status.
An engagement can combine recurring advisory and monitoring support with specific projects. Responsibilities, reporting frequency and deliverables are agreed at the outset. Talk to HM Strategy about your compliance needs.
Ongoing compliance support
Compliance policies and procedures
We help draft and update policies and procedures that reflect your business and regulatory obligations, including AML/CFT, outsourcing and business continuity where relevant.
The aim is practical documentation with clear responsibilities, approval processes and records of how controls operate.
Compliance advice and regulatory updates
HM Strategy helps assess relevant regulatory developments and translate them into actions for your business.
We support day-to-day compliance questions, assess the implications of proposed business changes and maintain an agreed action list for management to review.
Client onboarding and ongoing monitoring
We support customer due diligence and know-your-customer processes, including reviews of records, risk ratings, screening and ongoing monitoring arrangements.
Our work helps identify information gaps and issues requiring escalation, with responsibilities and review procedures agreed for the engagement.
Enterprise-wide risk assessment
We help assess risks across customers, products, services, geographies and delivery channels, and document the controls used to manage them.
The assessment brings together inherent and residual risk, control gaps and proposed actions for management review and approval.
Day-to-day compliance support
We help maintain a compliance calendar, coordinate agreed regulatory submissions, track outstanding actions and prepare management updates.
Reporting arrangements and escalation points are established at the outset so that your team can see what needs attention and who is responsible.
Compliance training
HM Strategy develops practical training for staff, management and boards, tailored to the firm’s activities and responsibilities.
Topics can include AML/CFT, governance and the application of internal policies and controls, using relevant examples and discussion to connect requirements with daily work.
How an engagement works
1. Understand your business
We review your activities, regulatory status, existing policies, resources and priorities to identify where support is most useful.
2. Agree the workplan
We define responsibilities, key contacts, deliverables and a reporting calendar, so that the engagement fits your existing team and governance arrangements.
3. Deliver and review
We track agreed actions, provide regular updates and review priorities as the business and its regulatory obligations change.
Clear outputs and responsibilities
Depending on the agreed scope, outputs may include updated policies, a compliance calendar, risk assessments, review findings, management reports and training materials. HM Strategy supports your organisation; decisions, approvals and oversight remain with your board and management. The scope of any appointed role is agreed separately.
Experience behind the advice
HM Strategy is recognised in Band 2 for FinTech Consulting in Singapore by Chambers. Partner Chris Holland brings experience as COO and General Counsel of a boutique investment bank and as Capital Markets Counsel at Clifford Chance.
Planning a new regulated business? Explore our MAS licensing support. For our perspective on effective controls, read Moving KYC from Compliance Theatre to Effective Risk Management and our analysis of MAS consultation papers on third-party and operational risk management.
Outsourced Compliance FAQs
What does outsourced compliance support include?
HM Strategy tailors support to your business and agreed scope. Services can include policies and procedures, regulatory advice, client onboarding and monitoring, enterprise-wide risk assessments, compliance calendars, management reporting and training.
Can HM Strategy work alongside our existing compliance team?
Yes. HM Strategy can supplement your team’s capacity, provide specialist input or support particular projects. We agree responsibilities, reporting arrangements and escalation points at the outset.
Does outsourcing transfer responsibility for compliance?
HM Strategy supports your organisation’s compliance programme. Your board and management retain responsibility for decisions, approvals and oversight. The scope and responsibilities of any appointed role are agreed separately.
How does an engagement begin?
We start by understanding your business activities, regulatory status, existing controls and priorities. We then agree a workplan covering the services, deliverables, responsibilities and reporting frequency.
Can the scope change as our business grows?
The engagement can be reviewed as your activities, risks or regulatory obligations change. HM Strategy works with you to identify additional needs and agree any changes to the scope.
Discuss ongoing compliance support
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