Longstanding close working relationship with the FSA including in the course of remediation of the Island’s former flagship TCSP.  Strong experience in managing FSA supervisory visits.

AML Procedures

Production of an AML Procedures Manual tailored to your specific business, including the most effective Client Risk Assessment forms and process.

Produced the Compliance and Corporate Governance procedures and Internal Audit framework of the only independently owned Bank on the Island.

Business Risk Assessment

The FSA’s AML Handbook of August 2021 expands yet again the scope of the AML/CFT element of the Business Risk Assessment.

Ensure that your Business Risk Assessment is compatible with both the Code and Guidance!

As a former employee of a reputable Isle of Man law firm having provided Compliance advisory and assistance services to regulated and designated business clients.

Clients’ Assets Reporting

Some FSA licenceholders find it onerous to allocate in-house resources to meet the specific monitoring requirements under the Rulebook and those of the checking Auditors. We can help, having undertaken many such reviews.

Extensive MLRO experience including close working relationship with FIU officers and the Attorney General’s office. Review over 18 years of many hundreds of internal disclosures. Completion of Client Risk Assessments of the full book of clients of a medium size TCSP of c. 400 clients over an 11 month period.

Remediation work / Client Risk Assessments (CRAs)

Whether working to bring the AML/CFT risk assessments of your clients to date or being subject to FSA-directed remediation, we have the track record and ability to speedily and accurately assist you.

Produced the Compliance procedures of the first Class 8 Money Transmission Services lienceholder on the Island, having liaised closely with the FSA in their development of Class 8 regulations. 

As MLRO of an e-gaming company successfully achieved a GSC visit in the absence of any AML action points.

Compliance Procedures & Training

Speedy and accurate delivery of any and all mandatory procedures prescribed by the Rulebook including on Complaints, Conflicts, Disaster Recovery/Business Continuity and delivery of related training.

Professional qualifications in AML/CFT, Governance, Risk and Compliance, Data Protection / GDPR, Fund Administration and Financial Planning.

Long standing Professional Member of the International Compliance Association

Data Audits & Data Subject Access Request Assistance

Documenting your record of personal data processing activities and responding to data subject access requests can be time and resource consuming. We are here to help.