Regulatory, audit, risk and tax advisory for the non-bank finance, payment institutions, portfolio management, insurance and fintech ecosystem.
Industry risks
Key areas of risk
We assess tax, audit, social security and operational compliance in the context of your industry.
Regulatory compliance
Non-compliance with regulations issued by the BRSA, CBRT, CMB, MASAK, and requirements under the KVKK and related secondary legislation may result in administrative sanctions, restrictions on operations and reputational risk.
Money laundering risk
Weaknesses in customer due diligence, risk scoring, transaction monitoring, suspicious transaction reporting and sanctions screening may create serious compliance risks.
Cybersecurity and data risk
The confidentiality, integrity and availability of financial data and the continuity of transaction systems are critical to operational risk management.
Tax classification errors
Incorrect assessment of commissions, interest, service fees, financial income, Banking and Insurance Transactions Tax (BITT), VAT and withholding tax obligations may create financial risks.
Liquidity and credit risk
Maturity mismatches, collection performance, counterparty risk, portfolio quality and weaknesses in collateral structures may affect financial stability.
Common needs
The needs businesses encounter
Compliance program design
Regulatory monitoring, policies, control points, training, monitoring and reporting responsibilities should be established in line with the organizational structure.
Independent audit
The reliability of financial statements, internal controls, regulatory reporting and operational processes should be supported by regular audits.
Tax advisory
Taxes on financial transactions, corporate income tax, BITT, VAT, withholding tax and transfer pricing obligations should be managed through a comprehensive approach.
Risk management
A measurable and monitorable risk management framework should be established for credit, market, liquidity, operational, compliance and technology risks.
Reporting and data quality
Consistent, traceable, auditable and reliable data infrastructure is required for management, regulatory and investor reporting.