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Description of regulatory and compliance services offered by Platinum Compliance (Guernsey) Limited

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We focus on what we do best .......

          .......to allow you time to focus on what you do best

Platinum Compliance was founded to assist businesses in managing regulatory obligations.

Regulatory demands are increasing and it is becoming more of a challenge for businesses to ensure they remain compliant on a continuous basis. By engaging with, or outsourcing to, Platinum Compliance you can ensure commitment from an experienced team who can assist in taking care of compliance requirements, enhancing your business productivity, and allowing you to concentrate on the work in hand. 

Outsourcing does not absolve a client’s responsibilities but we work closely with you to ease the compliance burden, to ultimately save you time and money by providing an effective and efficient outsourced bespoke model. 

Platinum Compliance understands that every business is unique and we aim to work with your business on a bespoke basis to tailor to your requirements.

We work together using Platinum Compliance’s operational experience within the industry along with regulatory knowledge to find a solution for your company.

OUR SERVICES


Regulatory Applications

Compliance Officer and MLRO Provision

Financial Crime Customer Due Diligence (CDD) Reviews

Regulatory Liaison and Onsite Visits

Development of Compliance Monitoring Programmes

Implementation and Review of Policies and Procedures

Compliance Awareness

Corporate Governance Reviews

Board Evaluations

Business Risk Assessments 

GDPR Assistance and DPO Provision 

Training

Regulatory Applications


We can manage, assist and support you with your new regulatory applications to the Guernsey Financial Services Commission. Whether you require our assistance from start to finish, or simply for us to undertake a review of the application to ensure it meets the requirements, Platinum Compliance is here to help. 


Compliance Officer and Money Laundering Reporting Officer ("MLRO") Provision


Platinum Compliance can provide an experienced Compliance Officer and/or MLRO to fill vacancies in between re-appointments or on a short-term or long-term basis.  The relationship between the MLRO, the business and Senior Management/Board of Directors, along with regular ongoing communication is of utmost importance to us. 


Financial Crime (Money Laundering/Financing Terrorism) Due Diligence Reviews


Retrospective remediation projects due to regulatory changes or remediation programmes instructed from the regulator can be time consuming which can take your staff away from their day to day duties.  We offer assistance either with the management of the process by providing staff to assist with the project, or with advice and training. We also offer a programme of undertaking a sample review of CDD files for quality assurance purposes.

Compliance Awareness 


Platinum Compliance consider Compliance processes to be within teams and for all teams to work together to create a good culture of Compliance.  We assist with raising awareness across the business and can assist with the management or supervision of your Compliance team where required to ensure the correct focus is provided on the required areas in a pro-active and efficient manner. Directors are aware of the importance of discharging their duties effectively and Platinum Compliance can provide independence and objectivity to the Board.


Corporate Governance Reviews


Corporate governance is simply defined as how an organisation is managed, directed and governed.  It continues to evolve in this ever changing financial world we live in and differs from business to business. The approach for long-term success is for the Board of Directors to work together to ensure the quality of corporate governance of the company.  We offer assistance with the process as required.

Board Evaluations


Our experience following attendance at numerous board meetings for fund management and fund administration companies, along with completion of the Institute of Directors Diploma, provides us with the requisite knowledge to undertake an evaluation of your board from an independent perspective.  We have a comprehensive and cost-effective diagnostic review which will help to tell you how effective your Board is. Designed and authored by Platinum Compliance, working with recognised specialists in this field, your company or organisation can now carry out its own Board Effectiveness Review online. 


Regulatory Liaison and Onsite Visits

If you have an impending PRISM (Probability Risk and Impact System) or Financial Crime visit from the Regulator, we provide you with the support and assistance required from preparation to any regulatory outcomes and remediation plans.

Development of Compliance Monitoring Programmes ("CMP"s) 

CMPs are one of the most important aspects undertaken by a Compliance team. Policies and procedures may be in place but the supporting controls should ensure necessary compliance along with the appropriate monitoring.  An effective CMP will ensure time is spent efficiently, focusing on risks to the business on a periodic basis.  We help you to implement or develop a CMP based on your processes. We also provide experienced individuals to undertake periodic file reviews based on your current monitoring programme.

Implementation and Review of Policies and Procedures

It is important for policies and procedures to be updated should regulatory requirements change.  They should be easy to understand and to apply. Platinum Compliance provide assistance with writing or updating policies and procedures to ensure they remain suitable for the size, nature and complexity of your business.  Alternatively, if you would like a gap analysis completed on your current processes, we are here to help.

Business Risk Assessments 

A Business Risk Assessment (“BRA”) is used to identify and assess Money Laundering & Financing of Terrorism risks across your business and to implement a process of how to mitigate exposure to the identified risks. This is in addition to other risks to your business and should be in line with your overall risk appetite.  We can assist with the creation of a BRA in accordance with new submissions to the regulator, or alternatively undertake a review of your existing BRA to provide assurance that it adheres to the regulatory requirements. 

Data Protection / GDPR

The Data Protection (Bailiwick of Guernsey) Law, 2017 and the General Data Protection Regulation ("GDPR") have been implement to safeguard important information from corruption, compromise or loss. We can help you to ensure you have the policies, procedures and controls in place to mitigate the risk and to adhere to the requirements.  Our services include a gap analysis, data mapping, data audit, Data Protection Impact Assessments and more.

Training

Training is an important aspect for all staff at different levels to ensure they understand the requirements for their role and how they fit into the business objectives. We provide training for all aspects of Compliance and Financial Crime, including enhanced training to Senior Management and MLROs. This can be provided on a one-to-one basis, to a group or “on-the-job”.

Lindsay Fox is the founder of Platinum Compliance.  With over 30 years in the Guernsey financial services industry, her strength has been in Compliance, Corporate Governance and Anti-Money Laundering. Lindsay is passionate about adherence to the regulations and has set up the company to assist the financial services industry with meeting the requirements. 

Having experienced a variety of roles throughout her career, including Asset Management, Fund Administration, New Business, Global Custody, Credit Risk, Banking and Training, as well as involvement in GFSC visits, the knowledge gained provides strength through diversity resulting in a thorough understanding of industry needs from a regulatory perspective.

Lindsay holds a Distinction in the International Compliance Association (ICA) International Diploma in Compliance, the Institute of Chartered Secretaries and Administrators (ICSA) Certificate in Offshore Finance and Administration and the Securities and Investments Institute's (SII) Investment Administration Qualification (IAQ).

Lindsay has also successfully completed the Institute of Directors (IOD) Diploma in Company Direction which has provided her with valuable insight into strategy and leadership and accompanies strong and personable management skills.

Alison Dodd joined Platinum Compliance in April 2018 as a Compliance Consultant. Alison has worked in the finance industry for over 20 years, commencing her career in Private Banking, where she covered all aspects of banking and settlements. 

In 2002 Alison moved into Investment Management, becoming an Investment Dealer - dealing in Equities, Fixed Income and Funds - working both in Guernsey and London. In 2008 she completed the Investment Management Certificate. 

In 2014 Alison decided to take her career in a new direction choosing Compliance as her next challenge and completed the ICA Diploma in Governance, Risk and Compliance in 2015. Alison is Compliance Officer and MLRO for various Guernsey Companies.

Berri was welcomed to the Platinum Compliance team in June 2018 when she joined as a Compliance Consultant. With a number of years experience within the Guernsey financial services industry, Berri's focus has been predominantly on Compliance and Financial Crime.

With a knowledgeable approach to Financial Crime and a thorough understanding of the rules and regulations on Countering Financial Crime and Terrorist Financing, alongside excellent attention to detail, Berri has a practical attitude to undertaking due diligence to assist companies in meeting the requirements.  Berri holds the International Compliance Association (ICA) Certificate in Compliance.

Registered Office Address: Tikida,  Clos du Ville Baudu,  Vale,  Guernsey,  GY3 5AB

Business Address:  Suite 4, Victoria House,  29-31 High Street,  St Peter Port,  Guernsey,  GY1 2JX

Company Registration Number: 62717

CONTACT US

If you would like to find out more or meet up to discuss further please get in touch. 

Email:  contact@platinumcompliance.co.uk

Tel:       07781146626

Web:    www.platinumcompliance.co.uk