Businesses in many sectors are facing a rising tide of regulation and more aggressive authorities. As transparency rises in importance and the costs of non-compliance with laws and regulations increase, businesses everywhere strive to adapt to the growing pressure from regulatory bodies.
In particular, data protection is an issue that you cannot afford to ignore, especially since the implementation of the General Data Protection Regulation (GDPR) in 2018.
Our specialist and highly experienced Isle of Man lawyers can assist with the provision of regulatory advice to financial services and other institutions.
Who would need Regulatory & Compliance advice and assistance?
- TCSPs and Banks – Financial Services Act / AML Code
- Gaming Entities – Online Gaming Regulations Act
- Insurance Companies – Insurance Act
- Pension Companies – Retirement Benefit Schemes Act
- Funds – Collective Investment Scheme Act
- All Businesses – GDPR & General Company Reporting
Our Regulatory & Compliance services include:
- Advice on AML issues and reporting
- Advice on financial services authorisations, regulation and conduct of business
- Data protection
- Regulatory reviews
- Development and enhancement of policies
- Review of terms and conditions
- Due diligence
- Advice on bribery and corruption policies.
Risk Assessments
We also have experience in conducting comprehensive risk assessments on behalf of our clients. Once the relevant risks have been identified we work closely with our clients to prepare and establish appropriate policies and to implement change.
We also help clients respond to regulatory investigations and interventions when the continued operation or reputation of the individual or the business is at stake.
We have experience in and can assist with regulatory disputes and investigations in relation to financial services and other industries and can also assist in relation to disputes / litigation in the field of data protection law.
Whether you or your organisation needs help before or after a regulatory intervention, clear and decisive advice will bring clarity in often stressful and emotional circumstances. Clients look to us to minimise the risks – commercial, legal and reputational – which can arise from regulatory enforcement.
We engage regularly with the Island’s regulators on behalf of our clients and are familiar with the data protection, AML and employment issues which can arise.
Above all, in providing clients with regulatory advice, we aim to support businesses and organisations in relation to current issues, and as in terms of forewarning and assisting with preparations for incoming and future requirements.
Contact Chris Brooks, Kevin O’Loughlin, Elizabeth Simpson or Michael Mudge to discuss your needs.
