MLRO Desk / Local director / independent board member
Local or independent director — Selected jurisdiction
Subject to acceptance of the mandate and of the authority; D&O insurance excluded.
- Place and authority
- Selected jurisdiction
- Capital
- Not applicable
- Renewal
Place and authority
Selected jurisdiction. Subject to acceptance of the mandate and of the authority; D&O insurance excluded.
Capital
Not applicable
Renewal
. A service, not an authorisation: nothing to renew with an authority.
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?
Selected jurisdiction.
What capital is required?
Not applicable
Does the licence need to be renewed?
null. A service, not an authorisation: nothing to renew with an authority.
How are your fees set?
Our fees for preparing and filing start at €10,090, excluding VAT, then €10,090 a year of follow-up from the 2nd year. The firm quote follows the scoping call, before anything is signed; the authority's own fees and the capital are not fees.
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.