What does ongoing compliance support for SEMIs include?

Ongoing compliance support includes monitoring regulatory changes, updating policies and procedures, conducting regular reviews/audits, staff training, incident management, and assisting with regulatory reporting to ensure continuous compliance.

Why is regulatory change monitoring important?

Because regulators issue new laws, guidance or expectations over time. Without monitoring changes, a SEMI may become non-compliant, risk penalties, or miss obligations.

How often should compliance reviews or audits be conducted?

Typically, compliance reviews or audits are carried out annually or whenever significant regulatory changes, business model changes, or compliance incidents occur.

Is training provided under ongoing compliance support?

Yes. Training & awareness refreshers ensure staff remain informed about current regulations, emerging risks, internal policies, and best practices.

How are incidents handled and remediated?

Incidents are investigated, root causes analysed, corrective actions implemented, documented, and if required, escalated, with follow-ups to ensure remediation is effective.

Do you assist with regulatory filings and liaising with authorities?

Yes. The service includes support for regulatory reporting, ensuring filings are accurate, timely, and also managing interactions with regulators for clarifications or feedback.

How do we engage your SEMI ongoing compliance support services?

You can contact us via phone or email. We begin with a review of your current compliance status, regulatory obligations, risk profile, and then propose a plan for ongoing compliance maintenance and improvements.

Ongoing Compliance Support for SEMI | E-Money Regulatory Services

Ongoing Compliance Support

ABM provides Small Electronic Money Institutions (SEMIs) with comprehensive, end-to-end compliance support to ensure continuous alignment with FCA requirements and evolving regulatory expectations. Compliance is not a one-time exercise—it is an ongoing commitment that requires proactive monitoring, timely updates, and a structured approach to oversight. We act as a long-term compliance partner, enabling firms to focus on growth while maintaining strong regulatory standing.

Monitoring Regulatory Changes

The regulatory landscape for e-money and payment services evolves constantly, with frequent updates from the FCA, HM Treasury, and international standard-setters. ABM continuously monitors these changes and assesses their impact on SEMIs. We provide timely updates, guidance, and recommendations so your business can adapt swiftly to new rules and avoid compliance gaps that could lead to enforcement action.

Updating Internal Policies and Controls

Compliance frameworks must remain current to be effective. We regularly review and update your internal policies, procedures, and control frameworks to reflect both regulatory changes and business developments. Whether it involves enhancing AML/CFT controls, strengthening safeguarding arrangements, or adjusting risk management practices, ABM ensures your compliance documentation remains robust, practical, and regulator-ready.

Operational Compliance Guidance

We offer ongoing advisory support on day-to-day operational compliance matters, helping SEMIs interpret regulations and apply them to real-world business scenarios. This includes guidance on customer due diligence (CDD), transaction monitoring, complaint handling, outsourcing arrangements, and data protection requirements. By embedding compliance into daily operations, we ensure your business runs smoothly without interruptions from regulatory issues.

Support for Regulatory Inspections and Audits

The FCA conducts periodic supervisory reviews and inspections to assess firms’ compliance with regulations. ABM prepares your SEMI for these engagements by conducting mock audits, reviewing records and documentation, and addressing potential weaknesses before the regulator identifies them. During inspections, we provide hands-on support to respond to FCA queries and ensure your firm demonstrates a strong culture of compliance.

Proactive Compliance Partnership

Rather than treating compliance as a reactive process, ABM positions it as a proactive and value-adding function. We help SEMIs build compliance monitoring plans, conduct regular internal audits, and establish reporting lines that promote transparency and accountability across the organisation. This forward-looking approach not only reduces regulatory risk but also strengthens trust with customers, partners, and stakeholders.