Speed and convenience differentiate your business from your competitors and we can help you build a business plan that demonstrates what sets you apart and the convenient, safe and effective services you want to offer your customers.
We understand the payment services sector from end-to-end. The risks involved in providing money remittance and cross-border payments is significant and regulatory scrutiny is high. You must be well prepared and we can help create a plan to reassure the regulator that your customer’s trust and security is your number 1 priority.
Money Remittance has made the world a smaller place but financial crime risk remains one of your biggest challenges. We will work with you to ensure your FCA application meets the highest standards and is capable of the most detailed scrutiny. Once you’re authorised, we can work with you to maintain your standards and continue to meet your regulatory obligations and plan for future regulatory change.
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FCA authorisation is your foundation in UK financial services. We bring the expertise, rigour and track record to get you there.
MyCosegic replaces fragmented compliance work with a single operating system where actions, evidence, approvals and oversight live together.
The US market demands SEC compliance across multiple jurisdictions. Our specialists manage the entire process so you can focus on the opportunity ahead.
As your business evolves, we help you identify, apply for and secure the FCA permissions that reflect your next phase of growth.
When ownership changes, FCA approval is non-negotiable. We bring the precision and expertise to make sure it never becomes an obstacle.
When regulatory demands shift or specialist knowledge is needed fast, our ongoing support gives you access to senior compliance expertise.
Providing experienced compliance professionals to strengthen your team and support regulatory priorities.
We help you uncover compliance gaps, demonstrate commitment to fair customer outcomes and ensure your policies withstand regulatory scrutiny.
An independent view of your regulatory position, giving senior leadership the insight to act and strengthen compliance foundations.
Supporting accurate, timely regulatory reporting to help you meet your ongoing compliance obligations.
Practical, proportionate ICARA processes embedded into day-to-day risk management and built to meet regulatory expectations.
Compliant, crisis-ready wind-down strategies that are clear, credible and integrated into your prudential risk management framework.
Practical, regulator-ready support that embeds SM&CR confidently across your organisation, tailored to your firm's specific needs.
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Our Experts
Find answers to the questions we’re asked most often, from our compliance and training services to how we can support your business.
The authorisation route for a money remittance business depends on your specific model, volumes and business plan. Money remittance is one of the FCA's most scrutinised sectors, and the bar for a successful application is high. We work with remittance firms to build applications that are rigorous, well-evidenced and capable of withstanding detailed regulatory scrutiny. Speak to our team to understand what authorisation involves for a firm like yours.
Money remittance sits at the higher end of the FCA's financial crime risk spectrum, and the regulator applies correspondingly close scrutiny to both authorisation applications and ongoing supervision. Firms in this sector need to demonstrate not just that controls exist on paper, but that they are genuinely effective and embedded in day-to-day operations. Our team understands what the FCA looks for in this sector; speak to us to discuss how we can help you meet those expectations.
The FCA's expectations of money remittance firms in relation to financial crime are detailed and demanding, and what a proportionate framework looks like depends on your specific business, including your customer base, transaction types and geographic corridors. Rather than set out a generic specification here, we would encourage you to speak to our financial crime specialists, who can assess your position and help you build a framework that meets regulatory expectations for your model.
Yes, the transition from agent to principal is one we support regularly. It involves a full authorisation application in your own right, and there is typically a gap between a firm's current arrangements as an agent and the requirements the FCA imposes on a directly authorised business. We can help you assess your readiness and build a structured programme to get you to the point of application. Speak with our team to discuss your situation and what the process entails.
Authorised remittance firms face significant and continuing regulatory obligations, particularly around financial crime. The right programme of ongoing support depends on your size, complexity and risk profile. We offer a structured compliance retainer for remittance firms that can include financial crime audits, compliance monitoring, regulatory reporting support, safeguarding audits, board advisory and training. Speak to our team to discuss what a compliance partnership would look like for your firm.
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