Compliance Services
With nearly a century of combined experience in many industries including fund administration, trust and company administration, insurance management, pensions management and much more, our team is here to help!
Compliance shouldn’t be a labyrinth of complexities.
We work closely with each of our clients to ensure a tailored solution to suit their business.
We can respond quickly to change or your needs as they arise in an ever-growing and complex world of governance, risk and compliance.”
Compliance Officer, Money Laundering Compliance Officer, Money Laundering Reporting Officer
Sometimes the size of a business means it’s either uneconomical or inefficient to employ a dedicated staff member to fulfil your compliance and financial crime prevention roles.
Often, this means staff are unable to prioritise compliance matters over and above their operational responsibilities, leading to the firm falling behind on its regulatory requirements.
Outsourcing compliance-related roles can be a strategic decision that brings numerous benefits to your business such as:
- Additional expertise without the cost of employment or associated overheads;
- Flexibility and scalability based on the needs and demands of your business;
- Risk mitigation through the involvement of specialists with a broad range of experience and exposure outside of your business and who may provide conflict mitigation; and
- Allowing additional time and resources to be available to support the ongoing functioning of your business and day-to-day needs.
We provide named roles that are tailored to suit your needs, whether you need a long-term solution or just for an interim period while you recruit for an internal position.
Named roles are provided by way of a fixed responsibility fee and supplemented by our support services which can be either fixed or time based.
Compliance Support Services
Compliance support services are designed to either support the provision of named roles, or to provide support to your own compliance officer, MLCO, compliance teams and/or MLRO in fulfillment of their duties - be that on a temporary or ongoing basis.
An effective Compliance Monitoring Programme is at the heart of every compliance function, and at Horsepool we utilise our own CMP format, tailored to the needs of each of our clients. We work with you to ensure that the key risks to the business are understood, and that these are at the forefront of our monitoring.
Following a GFSC onsite visit, we can help you with any Risk Mitigation Programmes given to you by the GFSC, including acting as an independent party to validate any action taken (subject to GFSC approval).
We can also roll up our sleeves and either project manage or devote resources to your internal Remediation Projects, to help rectify any issues you may have identified.
We have consultants with working experience of designing and maintaining Business Risk Assessments in line with the expectations of the GFSC, tailored to the specific risks of your business. We will work closely with you to understand your key products/services, customers and processes to ensure the Board is cognisant of its financial crime risks.
In an age of ever-evolving regulation, we can help manage your Regulatory Change process. Experienced project managers can scope out any projects needed, and provide ongoing support and regulatory reporting to the Board at every milestone.