Financial service entities, as well as businesses more generally, have seen a tightening of their regulatory framework in recent years. They now operate in a world of increased regulation and are more than ever subject to the risks and various costs of non-compliance.
Regulators and criminal prosecutors both home and abroad are equipped with a more powerful arsenal of offences and fines with which to manage markets. They are now taking their powers more seriously and enforcing civil and criminal regulation as never before. Attention on banks and corporations has been particularly intensified, with a focus on the activities of senior officers, directors, and outside advisors.
Honeycomb sees itself as having two key roles in this area:
Firstly, we assist financial services and other entities to maintain compliance and to manage risks of non-compliance.
Secondly, when an acute episode of non-compliance arises or is suspected, we assist with the investigation of the circumstances, identify what has gone wrong, correct the position and put the systems in place best designed to minimise any reoccurrence.