Reporting and Compliance are essential parts of the daily business of Family Offices, both for their respective clients as well as for regulatory purposes. In this Competence Group, participants keep themselves updated with the latest technologies, tools and solutions for adequate reporting. In a constantly changing legal environment, KYC and compliance are vital to all family offices to uphold fully compliant status of their operations. A continuous dialogue between members of this Competence Group facilitates the capacity to understand trends, developments and their implementation.
A fitness for purpose of all compliance requirements for family offices is the desired objective of this Divitias Group. Forensic, fraud and investigative components are also shared between members. Additionally, Corporate Governance Codices (CDC) developed on an international level are an important instrument to safeguard compliance of companies with applicable laws and regulations for the benefit of their stakeholders.