PLC assist you in checking transactions on a monthly basis to ensure consistency checks in KYC, AML, POCA, CTF, TCF and overall suitability.
PLC conduct SOX testing and random checks on new clients that have been taken on in the past 30 days. This is to ensure that the firms KYC/KYB rules have been followed and ample checks have been done on the new customer.
Regulated firms must ensure regular compliance training for their staff. To assist our clients achieve this, PLC conduct a half hour conference call for management and all staff to attend, learn and share important information relating to compliance, the firm, the regulators (FCA/HMRC) and general industry knowledge.
We offer a dedicated conferencing service that is accessible via telephone and transcripts can be produced to demonstrate training has taken place*.
Advice and Reporting Structures
We will advise the management of your firm on the best practice and advise on the best way to manage risks, safeguard against potential threats or concerns to your business.
Often MLRO/CF11 persons can be puzzled on what is the regulatory requirement they are required to adhere to. PLC offer support to MLRO’s on issues such as SAR reporting and general management of their compliance duties.
Subscribed clients are personally visited once a quarter to discuss the position of their business, their compliance, staffing and personnel.
Tech World Analysis
The following services explain how we approach Tech World for a range of common purposes:
- Money Transfer Licence
- PSD2 Application
- Credit Authorisation
- Compliance Audit