Compliance

Mandatory Procedures

  • Providing objective support for the MLRO and/or Compliance Officer when writing their Annual Report for the Board
  • Providing support for CF3 and CF8 when designing and completing the Risk and Responsibility Matrix for the Senior Management Regime
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Financial Directives

The payment services directive 2007 (PSR’s) came into force in 2009 and very many firms that had faced the very light touch regulation of the office of fair trading (OFT) were suddenly faced with far more effective and robust supervision than by the FSA now of course the FCA. We were pleased to work with the United Kingdom Money Remitters Association (UK MTA) to introduce many firms to the new regulator, but many firms did find this to be a culture shock and are still having difficulty raising the standards.

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FCA Compliance Consulting

There are always a number of reasons why the FCA will visit and the current ‘hot’ topics are Treating Customer Fairly (TCF) and data security. Whatever the reason for the visit, our knowledge and skills will bring comfort to your Management and historically we have always delivered a successful outcome for the firm.

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Money Laundering

Money laundering legislation in the UK is governed by three Acts of primary legislation:-

  • The Terrorism Act 2000
  • The Anti-Terrorist Crime & Security Act 2001
  • The Proceeds of Crime Act 2002
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Training and Workshops

  • Senior Management Responsibilities
  • ICOB Practical Workshops
  • MCOB Practical Workshops
  • Money Laundering
  • Client Money
  • Network & AR Compliance Training
  • SYSC & Approved Persons Course
  • Complaints Procedure
  • Understanding the background and objectives of PRA and FCA
  • Understanding the responsibilities of Controlled Function Officeholders and the fulfilment of responsibilities
  • Management and Supervisors course, explaining the delivery and expectations of regulatory requirements
  • Training and Competence Regime and Fulfilment
  • Treating Customers Fairly
  • Sales Process for Investment Contracts
  • Sales Process for Non-Investment Insurance Contracts
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