Compliance Ireland specialises in regulatory affairs, primarily for the financial services sector.

Compliance is getting more complex and specialised. Our team of experts have worked as regulators as well in regulated firms. We're a multi-disciplinary practice and we take a rounded approach to your business. As accountants and lawyers by training we analyse the regulations affecting your business. As people with extensive business experience, we help you understand the impact of regulations and how to implement them in your specific business. We help you through the maze.

 

• Financial Services: In the area of financial services we look after: Banks (including retail and IFSC banks), Non-conforming/Sub-Prime Lenders, Insurance Companies, Investment Managers, Stockbrokers, Structured Finance Providers, Carbon Emission Trading Firms, Fund Administrators, Custodian/Trustees, Management Companies, CFD and Spread-betting Firms, Re-Insurers, Captive Insurers, Mortgage Intermediaries, Insurance Brokers, Money Transmitters, Payment Institutions and Credit Unions.

 

• Non-Financial Clients: We also services non-financial firms in the areas of data protection and other consultancy areas, including:
• government agencies,
• casinos (remote and non-remote) & private members' clubs,
• mobile telephone operators,
• estate agents/auctioneers,
• solicitors and accountants
• representative bodies
• universities, and
• other enterprises with regulatory requirements.

 

The services we provide are below and click here to read a selection of our case studies / assignments

 

Our services encompass:

 

• Authorisations (getting you up and running in Ireland and further afield)
  • MiFID & IIA Firms (including Financial Spread-Betting), Fund Administrators, Credit Institutions, Insurers, Insurance Intermediaries, Mortgage Intermediaries, Retail Credit Intermediaries, Money Transmission Firms, Bureaux de Change, Payment Institutions, E-Money firms, Casinos (& Private Members Clubs), Trust & Company Service Providers and more.
• Relations with Government Departments: Assisting firms dealing with government departments and regulators on industry initiatives, e.g. casinos.
• Compliance and Operational Manuals: Writing bespoke compliance and operational manuals and procedures (for all the above entities - we have a full range of manuals which can be easily tailored to your business). Click here for more details.
• Undertaking operational and compliance risk assessments (i.e. best of breed)
• Designing and carrying out risk-based compliance monitoring programmes. Click here for more details
• Undertaking Financial Derivative Instruments monitoring for the funds industry
• Director and board service appointments and director coaching. Click here for more details
• Regulatory mapping exercises (e.g. Authorisation, MiFID and Consumer Protection Code)
• Assistance on implementation of new regulation - MiFID, Capital Requirements Directive, 3rd AML Directive
• Mock IFSRA inspection reviews
• Vetting of advertisements
• Handling contentious correspondence with regulators
• Managing inspections by IFSRA and the Data Protection Commissioner
• Representing firms facing enforcement sanctions and compliance notice requirements
• And everything in between! As we say, we help solve your problems
• ... and training, both public courses and specialised in-house training on all areas on which we consult

 

 

we provide our services depending upon the needs of each client. Below are some examples of how we can service you:

 

non-executive director services

• See our Non-Executive Director page for further details of how we can assist your financial, insurance, fund and other investment business.

 

Project Consulting

• Risk monitoring and fund director services - working with your service providers to ensure the fund stays within limits
• See our Board Support Services brochure for details of how we can provide specialist services to your Board of Directors
  
  

 

 

 

 

Outsourced Compliance and MLRO Function

• External compliance officer services - for investment service business where their nature, size and complexity does not warrant a full time Compliance Officer. All aspects covered, including carrying out a tailored compliance monitoring plan
• Financial Crime and MLRO Services. Go to our AML page to download our brochure

Interim Management -

• Providing trained specialists to help you cover technical projects or staff absence
  
  

Technical Consulting

• Authorisation Applications - project managing your IFSRA authorisation application
• Implementation Assistance for new regulation - integrate new regulations such as MiFID or the Capital Requirements Directive into your existing procedures
• Managing Regulatory Inspections - assisting you to manage IFSRA regulatory inspections and desk audits
• Directors' and Senior Management coaching - coaching your staff to quickly absorb regulatory requirements and expectations
• Compliance Manuals and Procedures - drafting your business orientated compliance and operational procedures and manuals
• Anti-Money Laundering - conducting assessments of your AML controls and systems, assisting you implement remedial action & drafting your AML policies and manuals
• Data Protection - conducting assessments of your Data Protection controls and systems, assisting you implement remedial action & drafting your Data Protection policies and manuals
• 'Health Checks' - performing pre-regulatory inspection audits of your business covering general financial regulation & compliance

In-House Coaching

• Understanding the Market in Financial Instruments Directive ("MiFID")
• Corporate Governance developments,
• Forthcoming financial regulation explained
• Anti-Money Laundering training for staff
• Data Protection
  
  

Offering the highest standards of expertise across the financial services sector, Compliance Ireland has established a reputation for delivering high-quality, cost-effective consultancy (and training) services on corporate governance, financial regulation & compliance, anti-money laundering and data protection. We adopt practical thinking in the delivery of our solutions. We draft policies and procedures for client firms on the basis of the 'Plain English' principle, rather than high-level waffle which leaves users unable to comprehend the meaning of documentation.