MLRO Desk / Annual licence renewal
Annual licence renewal — All jurisdictions
Regulator fees, audit and taxes excluded.
- Place and authority
- All jurisdictions
- Capital
- Maintenance of regulatory capital
- Renewal
Place and authority
All jurisdictions. Regulator fees, audit and taxes excluded.
Capital
Maintenance of regulatory capital
Renewal
. A service: every year we handle the renewal of the licences that require one — each licence page says which.
Our work and its timing
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Documents we will ask you for
Regulated entity, directors, control functions and business managers
Required in every case
- Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
- Current licence, company documents and legal/operational chart
- Description of activities, products, customers, countries, channels and volumes
- Existing policies, procedures and registers relating to the engagement
- Latest risk assessment, control plan and audit reports
- Available financial data, capital, liquidity and regulatory reporting
- List of directors/key functions with CVs and job descriptions
- Outsourcing contracts and inventory of suppliers/systems
- Regulator correspondence, findings, incidents and open action plan
Depending on the case
- Anonymised samples of client files and transactions
- Fraud, sanctions, complaints and breach reports
- Minutes of committees and boards
- Evidence of training and testing
- Access to the data room or reporting tools
The exact list follows what you order; it is confirmed in your client space after payment.
Questions
Where can this licence be obtained?
All jurisdictions.
What capital is required?
Maintenance of regulatory capital
Does the licence need to be renewed?
null. A service: every year we handle the renewal of the licences that require one — each licence page says which.
How are your fees set?
This licence is quoted after review, because the authority's own fees depend on the activity. The firm quote follows the scoping call, before anything is signed.
How long does it take?
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Do you guarantee the licence?
No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.