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Malta’s Compliance Risk Management Landscape: A Growing Concern for Businesses
As businesses operating in Malta navigate a rapidly changing regulatory environment, compliance risk management has become a growing concern for many organizations. Deloitte, a leading professional services firm, has been recognized as a leader in end-to-end risk management services, providing expert advice and guidance to help clients adapt to the ever-evolving landscape.
Regulatory and Compliance Program Services
Deloitte’s member firms in Malta assist organizations in staying ahead of the curve with their Regulatory and Compliance Program Services. With a team of experienced professionals, including former regulators and compliance experts, Deloitte provides three levels of engagement:
- Strategy: Anticipate and adapt to regulatory change
- Operational Efficiency: Achieve cost-effective balance between compliance and risk
- Remediation: Respond effectively to enforcement
These services are designed to help clients understand the implications and requirements of new regulations, implement effective processes and procedures, and stay ahead of emerging risks.
Specialized Services
Deloitte’s member firms in Malta offer a range of specialized services, including:
Compliance Processes, Policies, and Procedures
- Understanding the implications of new regulations
- Implementing appropriate processes, policies, and procedures
- Designing and assessing policies and procedures
Compliance and Risk Assessments
- Conducting compliance and risk assessments
- Assessing current state regulatory reporting
- Implementing new reporting processes
Compliance Reporting
- Developing risk-based compliance reporting services
- Assisting clients in staying ahead of emerging risks and ensuring compliance with changing regulations
Compliance Technology Solutions
- Selecting and implementing compliance technology solutions to stay ahead of the curve
Compliance Reviews
- Conducting investigations in connection with regulatory inquiries, administrative actions, and litigation
- Providing assistance and advice on regulatory remediation plans
Compliance Benchmarking and Modeling
- Assessing existing compliance models for operational efficiency
- Providing guidance on best practices for compliance benchmarking and modeling
Remediation Services
- Developing and implementing remediation plans to address regulatory findings
- Serving as consultants to clients when mandated as part of administrative actions and proceedings
Compliance Testing
- Developing and administering compliance training
For more information on Deloitte’s Regulatory and Compliance Program Services, please contact Ian Coppini, Risk Advisory Business Leader at Deloitte Malta. With over 18 years of experience in the field, Ian leads the Risk Advisory business in Deloitte Malta and is well-positioned to provide expert guidance on compliance risk management.