Sooner or later you are going to come into close contact with the Central Bank or another regulator. Compliance Ireland can help you.
Compliance Ireland has extensive experience of dealing with the Central Bank and other regulators in supervisory and enforcement actions. Among the services we provide are:
Inspections
- Pre-inspection
- board briefing - covering likely areas of interest and current trends
- management coaching - what to say and how to describe what you are doing
- visit planning - how to organise yourselves to deal with the inspection
- walkthough - we can conduct mock inspection visits to act as a 'mine-sweeper' before the Central Bank visit
- During the inspection
- we can assist your firm in the organisation and management of the inspection visit
- Post-Inspection
- we can help manage the impact of the initial findings
- post-visit liaison and correspondence with the regulator
- findings implementation and rectification advice
Enforcement
The Central Bank has a dedicated Enforcement Division. We have extensive experience of assisting client firms with enforcement actions and potential enforcement actions. We have a broad knowledge of current supervisory and enforcement trends. We have dealt with everything from simple mis-understandings to cessation orders for our clients.
We can help you
- defuse simple mis-understandings
- explain and seek mitigation for more significant issues
- plan strategy for and manage settlement agreements
- manage sanctions procedure examinations
Call us for a confidential discussion on +353 (0)1 425 5962 to see what we can do for you.
Compliance Ireland - your trusted advisor
Once your firm has been authorised, we help keep you authorised.
We provide a variety of services to regulated firms ranging from ad-hoc advice as questions arise to full ongoing compliance work outsourcing.
As business people, we take a rounded approach to your business. We use our professional training and knowledge to analyse the regulations affecting your business, then use our business experience to help you through your specific situation in a sensible, logical way. We can help you through the maze. We work with, not against, your lawyers and auditors. We’re always there when you need us.
Things that we do include:
- Ongoing compliance advice
- Writing and updating Compliance and Operational Manuals
- Designing and carrying out Risk-Based Compliance Monitoring Plans
- Implementation advice
- Outsourced AML support
- Pre-inspection risk assessments
- Relations with Regulators and government departments
- Non-Executive Director Services
…and everything in between! As we say, we help solve your problems.
Call us for a confidential discussion on +353 (0)1 425 5962 to see what we can do for you.
Compliance Ireland - your trusted advisor
Financial Crime & MLRO Services
Compliance Ireland is a leading expert in Financial Crime issues. Financial Crime broadly means anti-money laundering (AML), counter-financing terrorism (CFT), market abuse (e.g. insider dealing) and other types of financial fraud. We advise credit institutions, insurers and others (e.g. solicitors and accountants) on Financial Crime. We also present on Financial Crime strategies to governments.
Because businesses operate on a global basis, so do we. We have provided our Financial Crime prevention services in Ireland, across the EU, Middle-East and Africa. We have trained regulators at more than one Central Bank how to deal with this area. We can
- advise on your financial crime obligations
- help you to register with the Department of Justice, Equality & Law Reform (e.g Private Members' Clubs and Trust & Company Service Providers)
- provide practical policies and procedures
- provide a discrete remedial action (i.e. clean up) review
- provide MLRO services
Remediation assistance and Post-rectification reviews
When an AML documentation issue or similar issue has been identified, we can assist you in quantifying the extent of the problem, advise on the implications of the issue and the most efficient way to ensure that the issue is addressed.
We have also conducted post-rectification reviews for firms commissioned at the request of the Central Bank. Our commercial background and expertise in this area ensures time and effort are not wasted on non-relevant areas and efforts can be concentrated on areas of regulatory exposure and real risk of financial crime.
Call us for a confidential discussion on +353 (0)1 425 5962 to see what we can do for you.
Compliance Ireland - your trusted advisor
Our Expert Witness and Litigation Support services predominantly cover:
- professional negligence
- financial services regulatory compliance relating to banks, asset managers, investment firms, mutual funds, custodians, trustees and administrators.
Specific experience relevant to current litigation themes include acceptable standards under MiFID, Money Laundering and Data Protection laws as well as regulatory codes such as Consumer Protection Code.
The indepth experience of our Directors benefits law firms preparing for litigation in the area of regulated financial services.
- We assist law firms and counsel in understanding the operational implications of financial services legislation, regulation and acceptable market practice.
- We understand the commercial pressures involved.
- We can explain the Central Bank's perspective and the regulatory obligations.
We also offer Expert Witness services and have experience on the stand in the Irish Commercial Court.
Call us for a confidential discussion on +353 (0)1 425 5962 to see what we can do for you.
Compliance Ireland - your trusted advisor
We help firms obtain the authorisation they need from the Central Bank of Ireland.
We start by sitting down with you and figuring out precisely what you want to achieve and working out with you the most efficient way to achieve it. Often a minor change in the nature of a plan will achieve significant simplifications in regulatory demands or savings in capital requirements.
We help you to:
- plan what you want to do, how you intend to do it and how to slot the various components together
- figure out the timing of your application and when you can plan to go live
- put together and validate your financial projections and regulatory capital calculations
- write your procedures manaual, compliance manual and other operational documents
- write your business plan and describe your operational arrangements
- assemble an authorisation application that addresses the considerations a regulator might have
Call us for a confidential discussion on +353 (0)1 425 5962 to see what we can do for you.