This month, Barry Holmes, Head of Risk and Compliance at Iris Insurance Brokers of whom Blink Intermediary Solutions is a division, suggests what should be on your compliance “to do” list this January 2020.
You may agree that Regulation and Compliance does not appear to be going away anytime soon and actually appears to be increasing, if we consider the new FCA SM&CR that came in last year.
Here at Blink we know all about this and our Board take their regulatory and legal obligations extremely seriously, which is why they have a dedicated Risk and Compliance team of three who have this huge task to tackle keeping up with the various obligations (FCA, ICO, Lloyd’s, Companies House, etc).
To lead our team we have a Head of Risk and Compliance, Barry Holmes (AKA Sherlock!), whose professionalism and passion for this subject go back over 15 years with a great deal of knowledge obtained in AML, ABC, Sanctions, etc. His daily task is to try to stay one step ahead (he calls it the “Crystal Ball approach”) of the criminals as much as possible, so he can protect our company, its employees and of course our business partners - all in accordance with the relevant regulatory and legal obligations.
Barry’s top tips for January 2020 is to make sure your firm checks its standing data, not only the public information on the register, but also the secure information and ensure all your details are accurate. Furthermore from January 2020, as you may know, the FCA expect firms to actually confirm through Connect that the details are correct, he would suggest you check the requirements on FCA website.
Barry Holmes Dip(Comp) MICA, Spec.Cert(Sanctions), Spec.Cert(CorpGov), Spec.Cert(Conduct), Cert.(FinCrime), Cert.(Comp), Cert.(AML), AwSRE, Spec.Cert(AML- PrivBanking), AwCCH MLIBF, UKFR, Cert.(KYC/CDD), Cert.(CFT), Spec.Cert(ABC)
Head of Risk & Compliance
Iris Insurance Brokers Limited