Compliance Services
We supply our clients with Compliance and Best Practice Advice Services on a consultancy basis.
We offer a range of services, from our consultants who have years of experience in dealing with UK and Gibraltar regulatory matters. We are also associated with the Gibraltar Association of Compliance Officers (GACO).
We can help your business avoid fines, protect data, enhance your reputational risk and streamline processes whilst adhering to the regulatory requirements in Gibraltar such as:
Consumer Duty
Working in conjunction with our Claims and Data Consultants to review compliance with the regulations and to put forward proposals to make improvements, taking learnings from our previous experience and the outcome of the recent GFSCS Thematic Review, and what has already been implemented in the UK.
Data Protection & GDPR
Implementing measures to safeguard sensitive information and conducting privacy and conflict of interest checks to ensure compliance with data protection laws.
Anti-Money Laundering (AML) Regulations
Effective Anti-Money Laundering (AML) measures are crucial to prevent financial crimes and failure to comply with Anti-Money Laundering (AML) regulations can result in severe penalties, including:
- Significant Financial Fines
- Criminal Charges
- Reputational Damage
- Operational Restrictions
- Increased Regulatory Oversight
We help your business comply with Gibraltar's AML laws to implement and maintain robust due diligence, transaction monitoring and reporting mechanisms such as:
- Know Your Customer (KYC) Procedures – Conduct thorough identity verification and risk assessments for clients
- Transaction Monitoring – Use automated systems to detect and flag suspicious or unusual transactions
- Risk-Based Approach – Prioritisation of high-risk clients and transactions for enhanced scrutiny
- Suspicious Activity Reporting (SARs) – Ensure timely reporting of suspicious transactions to relevant authorities.
- Technology Integration – Leverage AI and machine learning for fraud detection and compliance automation.
Policy Development
Creating policies and procedures and maintaining internal compliance frameworks such as dashboards, updating policies, and preparing regulatory reports.
Risk Management
Identifying and mitigating compliance-related risks and proactively developing mitigation strategies to strengthen your organisation's regulatory standing.
Audit Preparation
Assisting with internal and external audits to ensure ongoing compliance.
Regulatory Reports & Authorisations
Preparing firm and individual applications for authorisation by the Gibraltar Financial Services Commission (GFSC) and other regulatory bodies.
Supporting individuals in their preparation for regulatory interviews.
Change in Control Notifications
Managing notifications for changes in control within regulated firms.
Training and Education
We provide training for your staff / compliance officers on compliance requirements such as:
- Monitoring changes in regulatory requirements and assessing their impact on business operations.
- Best practices to follow to ensure regulatory adherence and effective risk management.
- How to develop a compliance culture and encourage ethical behaviour and regulatory awareness within your business.
- Financial crime prevention, data protection policies and reporting procedures