Collas Crill Regulatory and Compliance

Our Regulatory and Compliance team offers a global service and is made up of independent and experienced governance, risk and compliance (GRC) consultants with cross-jurisdictional expertise. We offer services to regulated and non-regulated businesses in the Channel Islands, and across our home jurisdictions.

The power of comprehensive GRC solutions for resilient and sustainable business

In today's rapidly evolving business landscape, the fusion of good corporate governance, proactive risk management, and compliance with relevant laws and regulations is paramount for establishing a resilient business model. Collas Crill has real strength and depth in its understanding of the regulatory regimes surrounding financial services businesses, both in its home jurisdictions and further abroad. Our Regulatory and Compliance experts recognise the pivotal role played by each aspect of governance, risk, and compliance (GRC) in forming a robust foundation from which businesses can flourish and adapt seamlessly to internal and external changes.

Our customised GRC and AML/CFT/CPF services

We take pride in our proactive and commercially sensitive expertise,  not only supporting Jersey and Guernsey regulated financial services businesses, but also other enterprises with compliance obligations, including personal fiduciary licensees, registered directors, estate agents and accountants.

With a focus on excellence, our team stands ready to assist your business in designing, building, and implementing a proportionate risk framework environment.

Reporting professional experience

Our expert consultants comprise former regulators, industry experts, lawyers and chartered accountants. We have experience undertaking Skilled Person, Inspector and Reporting Professional roles. Our expertise equips us with the necessary knowledge to support your teams through regulatory scrutiny and to reach practical and pragmatic solutions. 

Due diligence expertise

The team has considerable experience in due diligence for M&A activity or as part of an independent regulatory health-check.

Our suite of ongoing services encompasses:

Governance

• GRC support: strategic insights and solutions tailored to your specific needs
• Corporate governance framework development: practical, hands-on advice that satisfies regulatory obligations and is tailored to the size and complexity of your  business
• Board evaluation: an independent evaluation of Board composition and structure to ensure effectiveness and compliance with regulatory requirements

Risk

• Business and compliance risk assessments: an assessment of business and compliance risk exposure and assistance with designing a business risk framework that appropriately identifies risk, manages and mitigates risk
• Risk and regulatory consultancy and support: expert review of your processes and procedures, ensuring regulatory compliance at every step
• Risk and regulatory health-checks: meticulous assessments that help you proactively prepare for regulatory inspections and thematic reviews, or to assist with board oversight through independent means
• On-site examination preparation: ensuring that your business is well-prepared for on-site inspections or thematic reviews, offering guidance and recommendations throughout the course of the inspection or review
• Post on-site inspection remediation: supporting you to swiftly resolve any issues arise during an inspection
• Independent AML audits: assistance to Guernsey licensees in meeting their regulatory obligation to establish a robust independent audit function; supporting Jersey regulated businesses to stay ahead of the curve with a focus on evaluating the adequacy and efficacy of the AML/CFT/CPF policies, procedures, and controls
• Independent internal controls: assisting Guernsey licensees in meeting their regulatory obligation to establish a robust independent audit function, and assisting Jersey regulated businesses with a focus on evaluating the adequacy and efficacy of the internal controls of the business

Compliance

• Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer (MLCO) roles: experienced professionals who can take on the critical roles of MLRO and MLCO within your business (where permitted - jurisdiction specific)*
• Exclusive MLRO/MLCO masterclasses: supporting MLROs and MLCOs in meeting their regulatory obligations to undertake additional training, keeping them appraised of latest industry insights, best practices and strategies
• Training and development:  tailored training programmes to empower your team, equipping them with the knowledge and skills to maintain compliance excellence
• Projects: collaboration on specialised projects to tackle unique compliance challenges effectively

Elevate your business with our expertise

Our commitment lies in ensuring your business's governance, risk and compliance journey is seamless and rewarding. With our experienced team, you can navigate regulatory complexities with confidence, allowing your business to focus wholeheartedly on growth and success.