WhatsApp and Telegram +44 7563 115980
[email protected]
The reporting, policies, governance and conduct standards every regulator requires after authorisation, delivered as a project or on retainer, in more than 60 countries.
Selected engagements from more than 250 licences obtained since 2013, for payment, e-money and cryptoasset firms.
Volkswagen
Payment InstitutionObtained Nexpay’s FCA Authorised Payment Institution licence.
Electronic Money InstitutionObtained Dzing Finance’s FCA Authorised Electronic Money Institution licence.
Obtained Orbital’s FCA Authorised Payment Institution licence.
Authorisation is the start of supervision. From the first day of the licence you report to your regulator, maintain the policies you promised in the application, evidence governance and treat customers to the standard the regulator sets. We run that programme for payment institutions, e-money institutions, money services businesses and cryptoasset firms, in the United States, the United Kingdom, every European market, Canada, Australia and Asia.
We write the policies you will follow, build the reporting calendar, prepare and submit the returns, and sit with your board when the regulator asks questions.
Every periodic return the regulator requires, prepared, reconciled to the accounts and submitted on time, with the working papers kept for inspection.
A complete, maintained policy set: AML, safeguarding, outsourcing, operational resilience, complaints, conduct, data and business continuity, written for your business.
Board and committee structure, terms of reference, management information, three lines of defence and the individual accountability regime that applies in each market.
Fair treatment of customers, complaints handling, vulnerable customers, product governance and the consumer standards each regulator applies.
A risk-based monitoring plan, executed quarterly, with findings tracked to closure and reported to the board.
Supervisory meetings, information requests and thematic reviews, prepared, briefed and attended.
| Deliverable | What it contains | Who relies on it |
|---|---|---|
| Obligations map | Every rule that applies to the firm by market, product and permission, with the owner and the evidence required | Board, auditors, regulator |
| Policy set | Complete, version-controlled policies and procedures approved by the board | Staff, auditors, banks |
| Reporting calendar and returns | Every return with its deadline, preparer, reviewer and submission record | Regulator, board |
| Quarterly compliance report | Monitoring results, breaches, complaints, regulatory correspondence and actions | Board, audit committee |
| Annual framework review | Assessment of the framework against current regulatory expectations with a prioritised plan | Board, regulator |
The FCA in the United Kingdom, the national authorities across the EU and EEA, FinCEN and the state regulators in the United States, FINTRAC in Canada, AUSTRAC in Australia, the Monetary Authority of Singapore and the Hong Kong Monetary Authority. The framework is built once and mapped to each market the firm operates in.
Yes. Many clients retain us to run the compliance function on an ongoing basis, including preparing and submitting returns, running monitoring and reporting to the board. The compliance function reports to your board. Accountability to the regulator stays with your approved people.
A fixed monthly fee set by licence type, number of markets and reporting load.
We assemble your team, including the MLRO and compliance officer. The approved roles are held by your own people, with interim cover where the regulator permits until the permanent appointment is made.
We draft the response, assemble the evidence and brief your board before it is sent.
Tell us what you need and where you operate.