Regulatory and Compliance Services

KYC Policies

In almost all businesses, it’s mandatory to have “Know Your Customer” policies in place, particularly when there’s money involved. Typically, you will be required to gather information like passport, proof of address, and source of funds before engaging in business activities with them.

These requirements can vary and also be more strict, depending on your industry and which jurisdiction you’re located in. Fast Offshore will ensure that your business KYC policies are in total adherence with the applicable laws.

AML Policies

Anti-money laundering rules and policies are in place to guide companies, employees, and clients. The purpose is to provide steps on how to detect and report suspicious activity that could indicate money laundering.

Fast Offshore can assist with tailored policies to your industry and jurisdiction of operation. We make sure you have complied with all best practices, laws, and regulations in terms of the policies you use both internally when onboarding new clients, and when monitoring existing customers.

Regulatory Reporting

Many jurisdictions require periodic and ongoing reporting of compliance-related matters from within a company. Compliance or regulatory reports are the responsibility of the Compliance Officer and should include a full review of all compliance matters as well as areas of non-compliance.

It’s also necessary to report breaches of compliance, AML and CFT issues, and cases of suspicious activity. This is something that Fast Offshore can undertake on your behalf, through collaboration with your team.

Compliance Audits

Do you know if your company is compliant? Rules and regulations change quickly, especially in terms of compliance and AML/CFT. A compliance audit ascertains whether your organisation is compliant with the applicable rules and where things need to be improved or tightened.

Fast Offshore will evaluate risk management, compliance, internal and external policies to make sure they are correct. will take care of the audit for you and help you implement any of the changes that are required.

Liaising With Authorities

Liaising with authorities and the bureaucratic back and forth can be both time consuming and stressful. Fast Offshore has worked in numerous offshore jurisdictions and has a good rapport with regulatory authorities. Fast Offshore can take care of all communications relating to compliance quickly and efficiently for you.

Liaising With Financial Institutions

Banks, payment providers, merchant account providers, and similar all require negotiation, ongoing dialogue for matters relating to compliance, contracts, and service.

Fast Offshore can take care of this for you, leaving one less thing for you to worry about.

Terms & Conditions

If you are offering a service or product, you will need to have a comprehensive terms and conditions document in place. This explains who you are, the service you provide, how you will provide it, conditions of service, and how to gain redress in case of an issue.

The contents of the ‘Ts & C’s” will depend on your industry, product, and where you are located. For this reason, it’s best to let Fast Offshore take care of this to ensure you and your clients are fully protected and in line with relevant legislation. 

Skilled Reporting Officers

In some jurisdictions, you’re required to engage skilled officers to carry out certain tasks related to compliance. These individuals carry out reporting, monitoring, and various other functions as required by the authorities.

We can provide these individuals to companies depending on their needs. This enables them to satisfy their regulatory and compliance obligations and to pay for them on an hourly/time spent basis.