bANKS & cO Compliance Services provide bespoke outsourced regulatory compliance services to suit your businesses needs.

POLICIES & PROCEDURES

Whether it’s reviewing and enhancing existing documentation or drafting a new set of policies and procedures, together with any other documentation appropriate to your business, we can provide support and guidance in line with current AML/CFT legislation.

REGULATORY AFFAIRS & SPECIFIC COMPLIANCE PROJECTS

We have the breadth of knowledge, experience and insight within the regulated sectors of Trust and Corporate Service Providers (TCSPs) and Designated Non-Financial Businesses and Professions (DNFBPs). We can provide strategic guidance in relation to AML/CFT and anti-bribery and corruption with services that are flexible, cost-effective and scalable.

AML/CFT OVERSIGHT

We can provide outsourced regulatory oversight, including training to ensure a robust compliance culture throughout your business.

COMPLIANCE MONITORING

We can assist with the design and implementation of a full compliance monitoring service by periodically testing a businesses key regulatory processes.

Designated Businesses

(excluding the legal sector*)

The Designated Businesses (Registration and Oversight) Act 2015 (DBROA) requires businesses and professions carrying out activities that fall under the definition of a “designated business” to register with the Isle of Man Financial Services Authority (“the Authority”). This is in order to facilitate the oversight and monitoring of those businesses in relation to their Anti-Money Laundering and Countering the Financing of Terrorism (”AML/CFT”) provisions. We can guide you through the whole process with ease and expertise.