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FCA Authorisation
Our Expertise/Why GoCompliance
GoCompliance advisors have successfully managed many types of authorisations and have been interacting with the FCA regularly. With their vast industry know-how knowledge and experience, our advisors are able to tell what the FCA is looking for, increasing the possibility to get authorised quickly.
Ongoing Compliance Services:
We provide compliance management outsourcing to smaller businesses, and larger businesses use our capabilities to strengthen their internal teams. A variety of ongoing FCA compliance requirements must be fulfilled once your company has been granted authorization.
Independent AML Compliance Audit
Financial services firms in the UK are normally required by their suppliers, such as Banks, Acquirer, Payout agents, Cash processors, Currency wholesaler, E-money issuer or Principal firms, to have a periodic/annual Independent External Anti Money Laundering Compliance Audit.
The popularity of External AML Audit reports is growing fast because of the fact that most small to medium-sized financial firms do not have separate compliance and internal control systems to monitor it, or dedicated personnel to focus solely on AML compliance. At the same time in larger firms, things are more complicated and the compliance officers are often overwhelmed trying to keep up with the latest industry practices and compliance requirements.
E-money Application
E-money, short for Electronic Money, is the electronic alternative to cash. It is a digital store of a medium of exchange on a computerized device. E-money can be used for payment transactions, with or without bank accounts.
Any business intending to issue E-money in UK must be registered and authorized by FCA.
GoCompliance can assist you in meeting ongoing requirements, such as those related to maintenance and reporting, as well as help your business get authorized under the EMRs.
Senior Management, MLRO & Staff Training
The training of employees is a crucial component of the Anti-Money Laundering (AML) Regulations, ensuring that they are aware of how the regulations affect them, the firm, and the procedures the organization has implemented to eliminate the danger of money laundering.
In order to comply with the legalization both personally and on behalf of the business, employees must be aware of the steps they must take.
Policy & Procedure Preparation
The policies a company has put in place to fulfil its regulatory requirements form the basis of its AML and compliance strategy.
Although the AML standards have some common requisites, their implementation must benefit a business and be able to be adopted, implemented, and enforced to ensure the business is protected.
It is crucial for a firm to have a set of guidelines that ensure compliance is maintained and evidenced successfully.
