Outsourced Compliance Services

Central Bank of Ireland Authorisation

McCole & Co. Consultants have the in-depth knowledge and technical expertise to guide you seamlessly through each stage of the Central Bank’s authorisation process.

Anti-Money Laundering (AML) and Countering The Financing Of Terrorism (CFT)

We will design and implement an Anti-Money Laundering (AML) & Countering the Financing of Terrorism (CFT) policy and procedures appropriate to your business.

McCole & Co. Consultants also provides CPD accredited training to ensure your staff understand the regulatory and legislative framework designed to combat money laundering and counter the financing of terrorism.

Suitability Review

McCole & Co. Consultants understand the importance of knowing your client (KYC). Let us review your Fact Find and Suitability letter to see if you are asking the right questions and collecting the required information and documentation to ensure you recommend the most suitable financial product for your client.

Fitness & Probity

We will design and implement a Fitness and Probity framework appropriate to your business.

McCole & Co. Consultants also provides CPD accredited training to ensure your staff understand the Central Bank’s Fitness and Probity Regime.

Share Acquisitions and Share Disposals

You have a legal obligation to notify the Central Bank of Ireland prior to acquiring or disposing of a qualifying shareholding in a regulated financial services firm. This is known as an ‘acquiring transaction’.

We will take you through each step of the acquiring transaction notification process and outline the relevant requirements to ensure that the acquiring transaction is approved by the Central Bank in a timely manner.

Central Bank Annual Returns

We will ensure that your Pre-Approval Controlled Function (PCF) return and Annual Prudential return are reported accurately and on time to the Central Bank of Ireland.

Compliance Audit

Whether you have just obtained authorisation or you have been authorised for a period of time, your firm will be required to meet and demonstrate compliance with a broad arrange of laws, regulations and codes.

Drawing on our extensive experience we can work with you to provide an objective and independent assessment of your regulatory compliance framework.

Website Review

We will review your website and marketing material to ensure you satisfy the various regulatory requirements.

Terms of Business

We will review your Terms of Business to ensure you satisfy all regulatory and legislative requirements.

Staff Training & CPD

We provide CPD accredited training in relation to the following:

• Anti-money laundering (AML) & Countering the Financing of Terrorism (CFT);
• The Central Bank’s Fitness & Probity Standards;
• The Central Bank’s Consumer Protection Code;
• The Central Bank’s Minimum Competency Code;
• European Union (Insurance Distribution) Regulations 2018;
• The Investment Intermediaries Act 1995 (as amended);

Policy & Procedures

We will draft or review the following policy and procedures for your financial services business:

• Anti-money laundering (AML) & Countering the Financing of Terrorism (CFT) policy and procedures;
• Fitness & Probity policy and procedures;
• Minimum Competency Code (MCC) policy and procedures;
• Complaints policy and procedures;
• Conflicts of Interest policy and procedures.