We deliver objective assurance and consultancy designed to add value and improve an organization's operations. It can help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. ourInternal Audit services help boards and senior executives better manage enterprise risks. 

GDPR / DATA PROTECTION COMPLIANCE

We work with our clients to help them become GDPR Compliant and help with compliance with relevant Data Protection laws where they operate. We have a proven GDPR framework to support our clent requirements. This is even for relevant given our Globalization practice and CFO services.

The GDPR is a relatively new law and there is a dearth of expertise in the techno-legal field capable of addressing the concerns being raised after it has come into force, even as the official guidance is slowly developing.

The GDPR is here to stay. Data protection and privacy are only going to become more important as we introduce newer technologies and develop better ways to exploit data for economic gain.

The GDPR is just the beginning of a long journey towards data protection and privacy. It is but one regulation applicable to one community. Already countries in Asia and Africa have announced their intention to follow in its footsteps. The coming wave of data sovereignty will spell new compliance and implementation challenges for organizations unless they forgo their minimalist approach to the regulation and embrace its objectives as part of their organizational culture

Internal audit & RISK MANAGEMENT

A strategically orientated and structured internal audit function can play a vital role in assisting the Board of Directors, Audit Committees and management in achieving business goals. We add value to our clients the following way :

  • Focusing on risk areas through the participation in corporate governance and risk management processes. 

  • Evaluating and recommending process improvement opportunities

  • Researching best practices and making recommendations for change

  • Monitoring the implementation of management strategic actions

  • Organising itself as a cost effective business unit. When designing an internal audit function, strategy must drive tactics, not the reverse

Too often, the internal audit functions respond to immediate tactical needs. In a rush to implement responses, key strategic issues can be overlooked. The result can be a tactical internal audit function in search of a strategy.

Internal Audit Framework:

To help companies design, implement and maintain a strategically focused internal audit function, ACE TRUST IN developed a 10-step Strategic Internal Audit framework. This framework has been proven through ACE TRUST IN’ work with companies of all sizes. Step 1-4 focus on strategic issues, while Steps 5-10 focus on equally important, but more tactical considerations.

 

Legal Outsourcing Services

Corporate clients worldwide are facing rising legal expenses, which can be contained by outsourcing some of the activities.

We deliver outsourcing services including rendering various time consuming and onerous processes, including document review, legal research and writing.

Trust in Solutions is well equipped to support the execution of legal and company secretarial services, with in-house lawyers specialized in Common or Civil Law and experienced in multiple jurisdictions.

We have the expertise and resources to support, provide solutions and help organizations leverage their strategy to expand their commercial potential, through a high-quality talent pool of legal professionals.

We help clients reduce costs incurred in their legal processes and more importantly, have their associates focus on spending more time with clients, thereby creating greater value for the organization.

 

Transaction Monitoring

Compliance programs depend on accurate and timely information. As apart our AML (Anti-Money laundering) compliance centers help on shifting through thousands of transactions and matching them against risk profiles. The result of that process is a focused examination of transactions and identification of suspicious transactions.

 Beyond the checklist approach:

Transaction monitoring forms part of an organization’s governance, risk and compliance program and when combined with an anti-money laundering (AML) and Know Your Customer (KYC) regime; transaction monitoring becomes a highly effective mechanism for revealing risk that may be hiding in your business relationships.

Financial crime is increasingly pervasive, so there is a growing need for organizations to implement compliance programs that go beyond the essential requirements. Recent compliance failures have caused significant debate among EU and US regulators. As a result, transaction monitoring is no longer optional for the compliance officer when dealing with detection of suspicious activity. It is a necessity.

Installed behind your firewall, our transaction monitoring system fits with all internal systems, offering security and convenience, with intuitive predictive modeling and detection rule-based scenarios that are pragmatic and sophisticated.

 

Corporate Fraud and Investigation

Under this umbrella we provide corporate fraud Management and Investigation of events which require third party independent evaluation. Our reporting includes suggestion and policy and process control changes required to avoid such incidents in future.

 

FATCA / CRS Compliance

You or your client may hold one or more entities with investment accounts, which under FATCA or IGAs may have to be classified as a Foreign Financial Institution (FFI). Registration of FFI’s becomes an important component in complying with the existing FATCA provisions.

This impacts not only mutual funds and trusts with corporate trustees, but also many offshore Private Investment Companies with a discretionary mandate granted to investment managers, which are to be classified as FFI-Investment Entities.

ACE Trust in Solutions offers the following services:

  1. Determination of the initial classification of an entity as an FFI or NFFE under the FATCA regulations or IGAs;

  2. Register the entity classified as FFI with the IRS and obtain a Global Intermediary Identification Number (GIIN);

  3. Prepare the relevant “W8” Forms or self-certificates to establish the FATCA status of the entity to the banking institutions.

For entities that are identified as NFFEs, we prepare the necessary certification documentation required by the banking institutions and withholding agents, including the due diligence of substantial US owners or controlling US persons as connected to the entity. 

KYC Compliance

ACE Trust in Solutions enables companies to comply with KYC & AML programs and FATCA & CRS compliance. KYC Compliance to prevent identity theft, fraud, money laundering and terrorist financing, Know Your Customer (KYC) polices are increasingly important globally. Today’s business environment is without margin for error, with heavy emphasis on maintaining ethical standards and meeting requirements outlined by regulatory.

ACE Trust in Solutions Compliance capabilities offer an integrated solution that enables firms to be compliant with KYC regulations and manage the associated non-compliance risks throughout the life cycle of client.

Our solution focuses on reducing your compliance burden, by providing background checks on individuals and legal entities time and again throughout the life cycle based on Risk profiles, as well as through the document management systems.