New business start up
For those clients wishing to enter the regulated sector for the first time on the Isle of Man or those clients who are already regulated and wish to expand into additional areas of business, we can bring our experience to bear in a timely and efficient manner.
We can assist by:-
– advising on the regulatory environment in the Isle of Man, what that means in term of specific requirements and by facilitating meetings with the Regulator to discuss new business plans;
– helping new and existing licence holders to prepare business plans and licence application documentation for submission to the Regulator and by acting as a liaison point between our client and the Regulator to address any subsequent queries;
– developing documented compliance policies and procedures including Compliance and Anti-Money Laundering Manuals, documented risk assessments and documentation to support a risk-based approach to customer due diligence; and
– providing compliance support and assistance, including compliance monitoring on an outsourced basis.