These procedures are carried out by us for all our transactions as a matter of course. However, for transactions independent from ourselves, Brokers can choose to use our compliance facilities on a standalone basis.
For Broker’s, it is also a legal requirement to ensure that the information pertaining to the KYC on their client(s) is verified and correct. Any subsequent mis-happenings where information held by the Broker is not verified correctly, the Broker may be held responsible by governing authorities.
Therefore, to eliminate burden upon the Broker of these stringent compliance issues, ICS offer a full back-office standalone Compliance & Due Diligence Service to independent intermediaries that do not hold access to these facilities directly.
It is also necessary (dependant of the business the broker is undertaking) for the Broker firm to run and operate a Compliance Officer / Compliance Department. These back-office compliance tasks can be professionally undertaken on your behalf by ICS and our expert legal & compliance teams.
These services can include…
These services are undertaken in complete confidence and information is provided to the Broker directly from our Compliance and Due Diligence Team.
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