Financial Services
&
Designated Businesses

Regulatory Compliance
and Financial Crime

Helping regulated entities and DNFBPS navigate the complex regulatory environments and enhance operational resilience:

• Financial Services Rule Book procedures and controls: development, implementation, and testing

• AML/CFT Code procedures and controls: development, implementation, and testing

• 2LOD Compliance Monitoring - audit and assurance

• Refresher training, tailored to senior staff and operational teams

• Assistance with both ARR and AML statistical return reporting

• Mentoring and training of first-time HOCs and in-house compliance teams

• Business, Technology, and Customer Risk Assessment framework review

• Enterprise Risk Assessment framework review

• Whistleblower process review, training, and independent investigation*
  (*subject to conflict of interest check)

Data Protection
and Information Security

Assisting businesses with GDPR compliance:

• Procedures, and controls: development, implementation, and testing

• Data mapping (compilation of the Data Asset Inventory)

• 2LOD Compliance Monitoring - audit and assurance

• Refresher training, tailored to senior staff and operational teams

• Data Breach management and response

Please note that Nexus does not provide Data Protection Officer services

Regulatory visits, remediation,
and Enforcement

Whether it is the post-license visit, regular visit, or thematic inspection - it is imperative that a regulated entity can demonstrate its ongoing compliance with all of its regulatory requirements.

• Pre-visit preparation including mock inspections

• Post-visit response

• Visit Report - remediation project

• Business turn around and enforcement action response

• Regulatory liaison and ongoing progress reporting

Interim, fractional, or consultancy appointments

Providing interim, locum cover, and appointments in exceptional circumstances for the following positions:

• Executive Director

• Head of Compliance

• MLRO / DMLRO

For those businesses that do not require a full-time role holder, a fractional appointment or retained compliance consultancy arrangement may be more suitable - please contact us for more details.

Corporate Governance

Providing your business with strategic oversight and demonstrate effective governance:

• Provision of Independent Non-Executive Director*

• Audit, Risk, and Compliance Committee membership

*Appointment subject to regulatory approval and conflict of interest checks with other client appointments.

If you are interested in learning more about tailored and automated risk and compliance management software designed for Isle of Man licenceholders and designated businesses, please visit our software solutions partner: QuyRisk

Automated risk and compliance solution

Do you require Financial Services consulting?

Please contact us for a no obligation discussion to see whether we can assist.