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

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

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

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.

Platinum Compliance was founded to assist businesses in managing these challenges and regulatory obligations. We understand that every business is unique and we work with your business on a bespoke basis tailored 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 Compliance System "PlatTrack" and our Due Diligence / Risk Review System "PlatTrace" ensure we can provide you with efficient and flexible solutions focused on your specific regulatory requirements.

*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.

The system can be provided as Standalone and our experienced professionals at Platinum Compliance can provide you with as little or as much support as required. Please contact us for a demonstration.

Key Benefits:

Online storage of all compliance documents and monitoring
Online Compliance Monitoring with pre-set/adaptable questionnaires relevant to your industry
Access from any location with an internet connection via secure and protected login details
Improved controls and governance
Reduction of compliance risk by leading users through the correct process
Increased compliance knowledge and understanding by instilling correct processes and procedures
Ease of updating company compliance materials
The ability to undertake quality assurance monitoring

Convenient Efficient Secure Quick

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

Data Protection Assistance and DPO Provision

Training (provided onsite or at Platinum's office)

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

Platinum Compliance can provide an experienced Compliance Officer, MLCO and/or MLRO to fill vacancies in between re-appointments or on a short-term or long-term basis. The relationship between these key positions, 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 ("CMPs")

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

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, Governance and Financial Crime, including enhanced training to Boards of Directors, 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.

Mark Lillington joined the Platinum Compliance team in January 2021 as a Senior Compliance Consultant. Mark has worked in the finance industry for nearly 30 years, including in the UK and South Africa, where he first took on a compliance role.

Returning to Guernsey, Mark completed the ICA International Diploma in Compliance in 2005. Since 2011 he has acted as Compliance Officer and Nominated Officer/DMLRO for a number of local licensees, including on a third party basis; has acted as MLRO since 2017; and as MLCO since the role was implemented in 2019.

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.

Michelle joined the Platinum Compliance Team in June 2019 as a Compliance Consultant and was promoted to Operations Officer in October 2020. Michelle has over 20 years in the Finance industry working within the Fiduciary sector, where she gained experience in Trust and Company Administration and in later years focused on Client Risk Reviews and Fiduciary Board Reporting.

Michelle will be focusing on assisting with the operational side of Platinum to enable to provide additional support to our clients in this area and will assist the rest of the team with her knowledge and expertise in Trust and Company administration, risk assessments and client due diligence. Michelle offers a professional attitude with an attention to detail and exacting standards.

Berri Trimmer joined the Platinum Compliance team in June 2018 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.

Lara Le Page joined the Platinum Compliance team in September 2019 as the Office Manager and is responsible for the day to day running of Platinum’s office administration along with general bookkeeping and invoicing.

In addition to excellent organisational skills and a cheerful demeanour, Lara has over 30 years of experience in the finance industry, having previously provided operational support on behalf of two large wealth management companies.

Chloe Truffitt joined the Platinum Compliance team in August 2020 as a Trainee Compliance Administrator/Marketing Co-ordinator. Chloe is responsible for looking after the marketing for Platinum Compliance, whilst working alongside the Compliance Consultants to learn AML, Risk and Compliance. Chloe also assist the Office Manager in keeping on top of Platinum’s office administration.

Whilst holding a BA Honours Degree in Fashion and Textile Design, Chloe has outstanding communication skills, developed whilst dealing with customers in the retail industry.

Georgia Parrish joined the Platinum Compliance team in October 2020 as a Compliance Consultant. Georgia has worked in Compliance for 6 years. She has previous experience working with Pensions and Fiduciary, and most recently working for a large Funds company as a Senior Compliance Administrator.

Georgia is able to make key decisions and recommendations on difficult and important compliance issues. She has a spirit that drives her to do more and is an expert at planning, organising, and controlling day-to-day administrative and operational compliance activities of a company. Georgia holds the International Compliance Association (ICA) Certificate in Compliance, and the ICA Certificate in KYC/CDD.

Registered Office: 23-25 The Pollet, St Peter Port, Guernsey, GY1 1WQ

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: lindsay@platinumcompliance.co.uk

Tel: 07781146626

Web: www.platinumcompliance.co.uk