Monitorships

Independent monitors are increasingly being appointed by more authorities to help companies rebuild trust with regulators and stakeholders through objective assessment and remediation of regulatory compliance programs. Whether choosing a monitor, or a forensic adviser for a monitorship, all sides need to be confident of engaging authoritative specialists with experience of the transparency and rigor needed to certify the highest standards.

FRA’s specialist, integrated teams have worked on 22 monitorships. We have been trusted, experienced collaborators to regulators, companies and law firms at all stages of a monitorship.

FRA Monitorships Track Record

Appointments as independent monitor

Monitors we have supported

Multinational Companies Supported Under Monitorship

Regulator Experience

US Department of Justice

US Securities and Exchange Commission

Public Company Accounting Oversight Board

New York State Department of Financial Services

What our clients say

Frances McLeod is considered an “outstanding” practitioner within the field. She has over 25 years of experience in advising clients on anti-corruption and fraud matters on an international scale.

Client Reference

Lexology Index

What our clients say

"I don't know anybody else quite at Stacy's level, given all of her experience in the field."

Client Reference

Lexology Index

What our clients say

Jenna is "a highly supportive practitioner who is great to work with," and is "able to meet the many ever-changing demands of a monitorship."

Client Reference

Lexology Index

What our clients say

How we can help

Forensic firms can serve in a number of capacities on monitorships, depending on the nature of the monitorship, the regulator’s mandate, the terms of the settlement agreement and the level of sophistication or maturity of the company’s programme.

‍Independent Monitor: FRA forensic accountants have been appointed to the role of monitor where our core expertise has suited the scope of the monitorship.‍
Company Monitor Support: Companies have directly engaged FRA to help internal teams stay ahead and bolster credibility through the often overwhelming preparation, remediation and reporting phases. ‍
Monitor Support: We have collaborated with appointed monitors to complement their expertise with our forensic accounting, data and technology skills.

Independent and Forensic Mindset

We have seen the use of monitorships expand from bribery and corruption matters to a variety of organizational misconduct across a breadth of industries. Our core forensic expertise in rooting out misconduct and improving compliance programs, complete with integrated data and technology consultancy, has earned us the trust of many regulators and companies. FRA experts are not only leaders in their technical fields, but also reliable communicators committed to the highest standards of integrity in their work.

Unmatched Blend of Experience and Expertise

Monitorships require advisers who bring a blend of (i) experience working with authorities or regulations, (ii) leading expertise with the subject matter at hand, and (iii) a proven approach to regulatory compliance enhancement that is adaptable across sectors. FRA’s unique offer lies at the intersection of these elements:

Leading with subject matter expertise	Mitigating compliance and regulatory risk
Anti-Bribery and Corruption (including FCPA, UKBA, Sapin II) Ethics & Integrity Anti-Money Laundering Sanctions (including OFAC) Accounting and Audit Standards (including GAAP, FATCA) Fraud Technical environmental matters	Extensive end-to-end experience delivering international risk assessments and program enhancement: designing, benchmarking, testing and implementing. Practical solutions to align governance and controls Ability to incorporate technical regulatory compliance with traditional compliance considerations Integrated data and technology experts who tailor analytics and data governance solutions to the monitorship

Leading with subject matter expertise

Mitigating compliance and regulatory risk

Anti-Bribery and Corruption (including FCPA, UKBA, Sapin II)
Ethics & Integrity
Anti-Money Laundering
Sanctions (including OFAC)
Accounting and Audit Standards (including GAAP, FATCA)
Fraud
Technical environmental matters

Extensive end-to-end experience delivering international risk assessments and program enhancement: designing, benchmarking, testing and implementing.
Practical solutions to align governance and controls
Ability to incorporate technical regulatory compliance with traditional compliance considerations
Integrated data and technology experts who tailor analytics and data governance solutions to the monitorship

We have been engaged to apply our specialist knowledge and methods across many of the most regulated sectors, including aerospace, healthcare, banking, automotive, and energy (see some of our case studies below).

FRA’s nimble approach to staffing client engagements allows us to bring together each monitor (or monitorship support) team from across our global offices, with the precise blend of the experience above needed.

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Expertise

Independent Monitor and Consultant

Exceptional, market-leading and trusted experts ensuring effective, proportionate and sustainable remediation.

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Monitor Support

Experienced collaborators with first-hand knowledge of how specialist forensic skills can best support the monitor’s role.

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Company Monitor Support

Trusted advisers with first-hand experience of successfully navigating companies through monitorships.

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Risk Assessments

Bespoke approach to evaluating a company’s key risks supporting a focused, proportionate and efficient action plan.

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Controls Testing, Enhancement, and Implementation

Customized, rigorous testing to achieve internal controls effectiveness at the highest standards.

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Investigations

Specialist, integrated teams experienced in international, high-stake investigations and regulatory inquiries.

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Bribery and Corruption

Independent and multi-disciplinary advice for organisations and external counsel on governance, enforcement actions and regulatory compliance.

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Anti-Money Laundering & Sanctions

Multi-disciplinary advice for financial institutions and corporations on internal investigations, enforcement actions and regulatory compliance.

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Environmental, Social and Governance

Supporting our clients in rising to ESG challenges, taking ESG opportunities and managing associated risks.

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