Wealth Management

Regulatory Compliance

Regulatory Compliance

Because knowing your customer is where your company’s value lies
In Wealth Management, knowing your customer is not just important from a relationship viewpoint, but also from a compliance viewpoint. Regulations governing business-client relationships become increasingly stringent while clients themselves are understandably more demanding in areas like transparency and risk management. Our KYC tool stresses the importance of offering exclusive relationship management. It allows you to approach clients on a more confident footing, giving you extensive client due diligence, compliance & profiling (AML, KYC e.g. MIFID) as well as accurate and up-to-date client risk profiling.

Anti-money laundering
Prospero’s Anti-Money Laundering Management module allows users to define and maintain AML checklists depending on the fund/category/jurisdiction/location of the individual customers. Follow-up reports are automatically produced at the frequency you need them. Prospero provides the option to export data to screening systems such as Reuter’s World-Check so that nothing is left unchecked.

FATCA & CRS
The newly issued FATCA & CRS reporting standards require international organizations to comply with a new set of challenges. Prospero has developed a solution that recognizes these new standards, and allows users to identify and update a “change in circumstance” in a customer’s FATCA/CRS status.

 

Compliance activities: On top of compliance
In an industry where reputation is paramount, the importance of being proactive in compliance and avoiding breaches is essential. Prospero’s Constant Compliance includes pre- and post-trade checks, with warnings, showstoppers and specific validation processes. View all breaches and potential breaches at a glance and get a complete overview of suspicious activity and transactions, missing or expired documents and all other compliance-related activities.

 

Setups: Taking the hassle out of your compliance
While compliance is hardly the most glamorous side of wealth management, it is arguably the most important. The only decisions that can be taken in this industry are those that are fully compliant. Prospero’s built-in Compliance- Rules Management module takes advantage of a unique interface, where users can easily maintain up-to-date complex compliance rules and calculations, and triggers automatic compliance report generation.


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