Compliance Consultants

For the Money Services Business

In the financial sector, compliance is crucial. Here at K-Rex Solutions, we offer a comprehensive range of professional, reliable compliance services that will ensure you’re operating in line with the relevant regulations and industry standards. 

Our compliance services include:

Compliance Audit

We’ll carry out a full compliance audit to identify what’s working, what’s not, and how you can ensure you meet all relevant regulations going forward. 

As part of your compliance review, we’ll look at one or more of the following areas, depending on your requirements: 

  • Risk assessment model
  • AML Policies and Procedures 
  • Staff training 
  • Record keeping 
  • GDPR
  • Fraud prevention policies

We can also provide daily and monthly compliance reports, to ensure that your business is always operating in line with the latest regulations, and coordinate with the regulatory authorities for compliance audits on your behalf.

Policies and procedures

We’ll help you ensure that you’ve got the relevant policies and procedures in place to satisfy the relevant compliance authorities. 

Money Laundering Regulations

Our skilled and experienced experts can handle all areas of AML, preparing comprehensive and compliant anti money laundering policies and procedures for your business. We’ll also generate suspicious activity reports, both internally and externally, detecting any suspicious transactions in your remittance system. Finally, we’ll help you develop robust policies to prevent fraudulent transactions in the future. 

FCA Interaction

If you’re expecting a visit from one of the industry’s authorities, it’s important that you are well prepared. Our compliance experts will prepare your company for visits from regulatory authorities, such as the FCA, HMRC, FINTRAC and AUSTRAC, undertaking a thorough review of your compliance processes. 

Due Diligence

Whether your business is planning a merger or expansion by acquisition, or you’re looking to sell, it’s vital that you have a comprehensive understanding of any potential risks involved. We’ll undertake the relevant due diligence audits and reports, looking at all areas of compliance and risk assessment. 

Training

Training is a central part of compliance. We offer a range of training programmes that will ensure your team are fully equipped with the skills and qualifications they need, in accordance with the guidelines of Training and Competence, as per the MLR 2017 and 5th AMLD. Our professional training programmes include:

  • AML Training for staff members
  • AML Training for Agents
  • AML Training sessions for Senior Management 

And, if you’re taking on new staff, we’ll ensure you’re carrying out the necessary checks and assessments, as outlined by the FCA.