Many small to medium size Licensees identify the need for an experienced internal compliance specialist however, as an alternative, elect to significantly reduce the cost to the business by utilising our services as an external outsource provider.
If you are unable to update internal policies and update processes quickly in response to regulatory demands, you are exposed to the risk of non-compliance, regulatory investigation and potential enforceable undertakings.
Fiduciam provides a practical application of compliance, undertaking the role of the Compliance Manager for several licensees. We gain real insight into regulatory change and can effectively execute changes without adding burdens to your business.
We can also undertake the role of manager for complaints, breaches, privacy and anti-money laundering. This includes operational management, investigation and responses to client complaints, AFCA submissions, and the maintenance of the required incident reporting and other registers.
Outsourcing managerial support roles to Fiduciam provides your business with expertise and a depth of knowledge that can often be difficult to secure internally. It also allows the business to free up internal resources and concentrate on your core services.