Manage and maintain complex compliance requirements using offshoring, standardization, and technological interventions
The quantum of regulatory requirements imposed on private equity (PE) firms by organizations such as the Securities Exchange Commission (SEC) and the Financial Industry Regulation Authority (FINRA) is growing. There is a heavy cost to pay in case of non-compliance in the form of legal penalties and reputational damage. PE firms also know that meeting compliance norms builds trust and makes them attractive to customers and partners. But compliance is a complex task, and PE firms don’t have the necessary in-house bandwidth to manage and maintain the detailed documentation and standard operating procedures required.
Wipro’s Legal and Compliance Services are designed to meet the evolving challenges faced by PE firms. Our services include:
- Communication Review and Retention: We review and retain electronic communications in accordance with the requirements of the SEC and FINRA
- AML Screening: Investors and related parties are investigated for involvement in money laundering and sanctions
- Data Privacy: Our experts provide Privacy Impact Assessment (PIA) for vendors. The service includes review and re-negotiation of contracts to ensure compliance with the General Data Protection Regulation (GDPR)
- Policy Compliance: The service extends to trade reviews, maintenance of restricted lists, non-discretionary position lists and compliance with Code of Ethics
Wipro’s Legal and Compliance Services have delivered increased efficiencies of up to 40% for US-based clients. Our experience shows we can improve compliance and reduce legal operational costs by up to 50% through offshoring, standardization, and technological interventions.