When working in any financial services sector, compliance has to be at the front of your mind. Questions you should be asking yourself are:
- Do we currently comply with the regulation in question?
- Do our staff have an up to date knowledge of regulation to be able to recognise problem areas or change needed?
- What are the consequences if we fail to meet criteria? – This can be very costly and time consuming.
This is something Midshore can help with.
There are two approaches you can take, one would be to use our compliance consultancy services and the other would be to use our compliance officer services. Both can serve the same purpose but will involve different levels of input from us.
Our Compliance Services
So what’s the difference?
Our consultancy services will mean that you are in control but with us there every step of the way to help and advise you. We are able to analyse your business needs, advise as to implementation or remediation and create a plan that suits you. We’ll research the requirements, provide training and leave the day-to-day work to you.
Our compliance officer services will mean you’re able to bring our experienced professionals into your business to ensure that you remain compliant on an ongoing basis. Management and board reporting will be produced on a regular basis and the regular monitoring will ensure that regulatory requirements are met.
Why Midshore’s Compliance Services?
Our staff regularly undertake training, and as consultants, it’s our job to ensure our knowledge is up to date and in most cases ahead of time. We engage at the highest levels of industry and represent industry at working groups and meetings with the Guernsey Financial Services Commission and the States of Guernsey. We are also members of the Guernsey Association of Compliance Officers.
We’re able to quickly and efficiently help with standard Guernsey regulations, AIFMD, FATCA, CRS, BEPS, MiFID II & MiFIR, GFAS and the AML/CFT Handbook. We can even help you scope for the upcoming GDPR.
We’re also available on an adhoc basis to assist when required during busy periods or times when deadlines are fast approaching.
Please contact us for further information.