Financial Crime World

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Compliance Management Systems: Outsourcing and Consulting Solutions for Regulated Entities

GCG Monaco is a leading provider of compliance management systems in Monaco, offering a range of solutions to help regulated entities navigate complex regulatory landscapes and ensure ongoing compliance with evolving laws and regulations.

Our Approach

Our approach is pragmatic and includes ongoing services such as:

  • Organisation and upgrading
  • Supervision and assistance
  • Investigation support
  • Updating client files
  • Tool optimization
  • Periodic diagnosis, training, and remediation

We also provide co-sourcing solutions that cover three areas of intervention:

  • Classic expertise for high-volume, unpredictable or non-adjustable tasks
  • Specialized expertise on high-risk subjects
  • Missions for new needs such as increased activity, new geographical sites, suspected fraud, or acquisition of a new entity

Compliance and Risk Management Consulting

In addition to outsourcing and co-sourcing services, we provide compliance and risk management consulting tailored to the specific needs of each regulated entity. Our experts help organizations adjust their prevention and control mechanisms in response to evolving legal risks and regulatory changes.

FATCA Sponsor & CRS Service Provider

GCG Monaco is a FATCA Sponsor & CRS Service Provider, offering a comprehensive solution for Financial Institutions (FIs) seeking to comply with Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) requirements. Our services include:

  • Identification of persons holding an Equity Interest
  • Account holder documentation
  • AEOI activated agreements mapping
  • Determination of reporting requirements
  • Personal and financial data formatting
  • Record keeping
  • Regulatory monitoring

Registration and Reporting Services

In addition to compliance management systems, we also assist with registration and reporting services for Financial Institutions in jurisdictions like Monaco, the British Virgin Islands (BVI), Cayman Islands, Bahamas, and Panama. Our team can perform registration on behalf of the entity and act as authorized user or person of contact to facilitate follow-up on registration.

DAC6 Assistance

DAC6, a European Union directive aimed at preventing tax evasion, also affects financial intermediaries and taxpayers with cross-border activities or services. We offer assistance in setting up processes to identify such arrangements, determine when (and if) reporting is required, define which intermediary will be responsible for reporting, and carry out the reporting.

Customer Relationship Management (CRM)

Using our in-house-developed CRM and an ISO 27001 compliant IT system, we deliver cutting-edge data analysis, tax reporting services, and the highest standard of confidentiality to our worldwide clients. Trust GCG Monaco to help you navigate the complex world of compliance management systems in Monaco and beyond.