Forward-Thinking on Regulation and Compliance

The Client

A banking client in the process of a digital transformation moving onto the MS365 platform for file storage, email and collaboration.

The Challenge

The client was concerned that both their legal and compliance teams would not have the skills to be able to run regulatory monitoring or investigations effectively on the new platform and that MS365 might not support the capabilities they require. A key concern was that they would be unable to access information on third party systems.

Solution

BDO assisted the client with a series of workshops delivered across five jurisdictions, initially running demonstration workshops on the capabilities of the E5 Compliance Center tool set, how it can connect to third party applications and in particular how thematic compliance reviews may be performed. Subsequently, use cases and requirements were gathered from the client’s legal and compliance teams and specific training was run in both a sandbox environment and the client’s live tenant. The BDO Jersey team provided both the advice and expertise for this solution.

Results

The banking client benefitted from BDO’s knowledge and experience of regulation and legal investigations combined with Microsoft technical knowledge. BDO’s pragmatic and practical advice helped the client remain compliant with monitoring obligations and respond to legal and data protection matters across their jurisdictions. While performing the engagement, future improvements to monitoring processes, technical architecture and configuration were identified to provide further efficiency and reduce costs for the business.