Ongoing Compliance Support Service (LC)
Professional Financial Advisory Services
Regulatory requirements are increasingly stringent and constantly updated. While expanding their business, financial institutions must continuously deal with strict compliance reviews. To assist clients in achieving a balance between operations and compliance, Altum Capital provides ongoing compliance support services, acting as your long-term compliance partner in a flexible model. We provide customized solutions based on the business nature and risk profile of each institution, assisting in addressing compliance challenges and supporting steady business development.
Our Target Clients
We provide professional compliance support services specifically for the following licensed corporations and financial institutions:
Core Client Base:
Licensed corporations holding Type 1 to 10 regulated activity licenses from the SFC.
Business types include:
Virtual Asset Service Providers
Family Offices / External Asset Managers
Asset Management Companies
Futures Dealers
Securities Dealers
Typical Service Scenarios
Regulatory Inspection Response:
Receiving a notice of Onsite Inspection from regulatory authorities such as the SFC, requiring a professional team to assist with preparation and full follow-up.
Structural Change Period:
Significant changes in corporate structure, requiring customized compliance training for management and employees to meet new requirements.
Business Expansion Planning:
Planning to expand new business lines, requiring an experienced compliance team for preliminary planning and compliance framework establishment.
Resource Optimization Needs:
Wishing to focus core resources on business development, requiring professional outsourcing of compliance functions.
What Altum Capital Can Do for You
I. Compliance and Advisory Support
Provide real-time and continuous regulatory and compliance advisory services regarding all applicable laws/regulations/codes/guidelines issued by regulatory authorities (including but not limited to the Securities and Futures Commission "SFC") that are relevant to or affect the business operations and practices defined under the Securities and Futures Ordinance.
Provide compliance impact analysis when the SFC issues new circulars or updates.
Provide advisory support (including telephone and written inquiries) when the SFC or Hong Kong Exchanges and Clearing Limited raises inquiries, and be responsible for drafting and responding to letters from regulatory authorities.
Review and assess your company's policies, internal controls, manuals, procedures, and documents.
Review marketing materials and client communications before they are issued or delivered to clients.
Handle licensing matters for your company's representatives and Responsible Officers, including but not limited to conducting competence assessments, preparing written responses, and liaising with the SFC.
Assist in submitting notifications to the SFC regarding general change events.
Assist in handling inquiries from the Hong Kong Inland Revenue Department regarding "Common Reporting Standard" / Automatic Exchange of Financial Account Information portal account matters.
Assist in handling inquiries from the US Internal Revenue Service regarding the "Foreign Account Tax Confidence Act" registration system and reporting matters.
III. Online Training Platform
Your company and colleagues can participate in training for free through our platform anytime, anywhere.
Employees can also print certificates and maintain proper records through the platform.
IV. Anti-Money Laundering Screening
Through our affiliate, Edon Financial Technology Limited, we provide AML screening solutions (supported by Acuris Risk Intelligence), screening for Politically Exposed Persons and individuals/companies on sanction lists. For details on our AML screening and CRM solutions, please visit: www.edon.asia
VI. Onsite Inspection
Assist in preparing inspection documents based on the document checklist.
Participate in opening meetings and other meetings with the SFC.
Assist in responding to SFC inquiries regarding company business activities.
Work with the company to develop and implement appropriate policies and procedures based on SFC recommendations.
Provide other advisory services related to the inspection.