What services does ABM Global Compliance offer to credit brokering firms?

ABM Global Compliance provides a range of services including FCA authorisation, AML/CTF policy development, risk management frameworks, governance and internal controls, regulatory reporting, and ongoing compliance support.

How can ABM Global Compliance assist with FCA authorisation?

We assist credit brokering firms in obtaining FCA authorisation by preparing the necessary application documentation, establishing governance structures, and ensuring compliance with regulatory requirements.

What is included in AML/CTF & KYC/KYB policy development?

Our services include the development and implementation of anti-money laundering, counter-terrorist financing, and know-your-customer/business policies tailored to the specific needs of credit brokering firms.

Why is a risk management framework important for credit brokering firms?

A robust risk management framework helps credit brokering firms identify, assess, and mitigate potential risks, ensuring compliance with regulatory requirements and protecting the firm's reputation.

What does ongoing compliance support entail?

Ongoing compliance support includes continuous monitoring of compliance status, staff training, and updates on regulatory changes to ensure credit brokering firms remain compliant with evolving regulations.

Credit Brokering Compliance | FCA Licensing Support

Overview

Credit brokers serve as intermediaries connecting consumers with suitable credit providers and financial products. In today’s regulated environment, brokers must operate with transparency, integrity, and fairness, adhering to strict standards regarding disclosure, advertising, and consumer protection. Effective compliance is not just about meeting regulatory requirements; it is key to building client trust, managing risk, and sustaining long-term business growth. ABM supports credit brokers at every stage—from FCA authorisation and policy development to ongoing monitoring and staff training—ensuring that your business meets both regulatory and operational excellence standards.

Key Compliance Challenges

FCA Authorisation for Credit Brokering

Credit brokers must secure permissions from the Financial Conduct Authority (FCA), demonstrating robust governance, clear business models, and compliance-ready operations. Maintaining authorization requires continual alignment with regulatory updates and industry standards.

Clear Disclosure and Transparency

Brokers are required to clearly communicate their status, fees, and commissions. Full transparency in financial promotions and marketing materials is essential to protect consumers and maintain regulatory compliance.

Affordability Assessments and Protection of Vulnerable Consumers

Assessing customer creditworthiness is central to responsible brokering. Firms must implement processes to ensure affordability, identify financial vulnerability, and provide appropriate protections for at-risk clients

Anti-Money Laundering (AML) and KYC Compliance

Credit brokers are obligated to establish robust AML and Know Your Customer (KYC) frameworks, mitigating the risk of financial crime and ensuring adherence to FCA rules

Consumer Duty and Treating Customers Fairly (TCF)

Brokers must act in the best interest of clients at all times, embedding fairness, transparency, and high standards of conduct across all interactions.

How ABM Can Help

Licensing Application Support

ABM provides full support for FCA consultations, preparing credit brokering permission applications, reviewing business models and financial promotions, and setting up post-licensing compliance frameworks.

Ongoing Compliance & Policy Development

Our experts design and implement policies aligned with CONC (Consumer Credit Sourcebook) and SYSC (Senior Management Arrangements, Systems and Controls) rules. Services include internal compliance reviews, affordability and vulnerability risk controls, AML/KYC frameworks, and staff training programs

Regulatory Reporting & Monitoring

We assist brokers with FCA RegData submissions, breach notifications, change-of-control reporting, complaint management, and commission disclosure reviews, ensuring timely and accurate regulatory communication

Specialized Training

ABM delivers tailored training on FCA conduct rules, Consumer Duty, AML and financial crime prevention, complaint handling, vulnerable customer awareness, and marketing compliance.

Audit & Assurance Services

We conduct comprehensive AML/CFT audits, file testing for commissions and affordability, KYC reviews, complaint handling audits, marketing and financial promotion compliance checks, and FCA thematic audit preparation and remediation.