Due diligence is the assessment, investigation and review of a product, service, business, individual or third-party. It involves validating those with whom organisations form a working relationship in order to ensure that they are verified and suitable. Due diligence is one of the foundations of any business and is mandatory in many regulated sectors. In […]
What is a Conflict of Interest? A conflict of interest as it relates to business, is defined as an action or relationship that may impair the ability to make an objective and/or fair decision. This conflict can arise from the impairment of an individual employee or as a business activity. A conflict of interest in […]
There has never been a more important time to ensure that your Information Security program is compliant, robust and effective. With more and more employees working remotely and the far reaching connectivity of the digital age; securing systems, data and processes is an essential business practice. Whether you are looking to gain certification in schemes […]
Having adequate, effective and compliant policies, procedures and training workshops on what makes a customer vulnerable, how to identify them and how to communicate effectively is not only a mandatory FCA requirement, but also an essential business practice. It is even more important in times of national crisis, such as the current pandemic, to ensure […]
With amendment upon amendment of some on the UK’s legislation recently, it is easy to understand why some organisations are confused about which verison of the regulations they should be following. A classic example is the The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR17) which implemented the […]
Complaints are unfortunately a part of any organisation! Having a robust and effective complaint handling procedure is therefore an essential business practice. Some issues are minor and can be resolved instantly, in an informal manner. Others require the use of a formal complaint process with an investigation and response. For most businesses, it is imperative […]
The team behind Know Your Compliance Limited have been developing, writing and implementing policies and procedures for over 19 years. We are one of the UK’s market leaders in regulatory compliance documents. Specialising in FCA, UK GDPR, AML and general business policy templates, we provide materials that are ready to use and fully customisation. There […]
Now that the UK has left the EU and the transition period is over, some UK businesses are understandably confused by how the GDPR applies to them and what changes have been made. Having a robust and compliant data protection framework in place is not only mandatory for those processing personal data, but it is […]
We have designed 3 main anti-money laundering template packs for firms with differing needs and scopes. Starting with our standard Anti-Money Laundering Policy, which includes extensive content for HMRC, FCA and other supervisory body compliance. The pack also includes a detailed AML risk assessment template. Our complete AML toolkit is our bestselling AML package and […]