regulatory investigations and fraud

Is a Legal administrative process where a Governing Body has complete autonomy for the supervision of complex cases requiring specialist expertise.

The Serious Fraud Office, and the Financial Services authority, (the largest Regulatory Body in the UK ) have wide ranging powers in the investigation of such cases. In 2000, following on from legislative change to the financial services and marketing act 2000, the FSA was given overall responsibility for the implementation of new regulatory procedure and operating guidelines within the financial services industry.

Investment, Retail banks, independent financial advisors, would now come under further scruitiny by the FSA if regulatory breaches including the mis -selling of financial products to the consumer was suspected.

Often a skilled independent investigator ( Section 166 ) is appointed by the FSA to oversee complex audits, and where relevant ,offer recommendations for change, if a company fails to comply, the consequence of their actions can lead to disciplinary procedure and severe financial penalties, which , for some high profile cases can make international headlines.

RB Forensics Limited understands the relevance and maximum impact of recruiting for S166 Directors and Partners who can offer significant experience when it comes to supporting firms in their understanding of the impact of such regulation and how to implement proportionately.

By introducing S166 individuals to professional service organisations, RB Forensics acknowledges that a skilled person S166 can add value to a team by helping senior management focus on the outcome that they want to achieve from an initial FS enquiry.

Key criteria for RB Forensics to benchmark against such individuals offering this highly valued skill set include -

Governance, Regulatory Reporting and Compliance, Financial Investigations, International accounting standards, Regulatory risk management, business consulting, strategy and integration. Approved Persons FSA , Walker reviews, SYSC .