Authorised companies must comply fully with FCA regulations as appropriate to their business at all times.
Richwell typically works on a retained basis to ensure all aspects of the compliance regime are up to date, implemented fully and with documented evidence of monitoring in place.
An employee or owner of the business will hold the necessary FCA approved Controlled Functions CF10 (Compliance Oversight) and CF11 (Money Laundering Reporting Officer) whilst Richwell provides support as required including making regular monitoring and consultancy visits to cover:
Compliance Programme and Infrastructure
Monitoring of Processes
Regulatory Returns, Financial and Non-Financial
Richwell then provide written compliance commentaries to senior management on a regular basis.