What is ongoing compliance support for SPIs?

Ongoing compliance support refers to continuous services that help Small Payment Institutions maintain regulatory compliance over time, including monitoring regulatory changes, updating policies, conducting audits, staff training, and preparing for regulatory reviews.

Why is it necessary to monitor regulatory changes continuously?

Regulatory, legal, or guidance changes can affect compliance regimes, and staying up to date helps avoid non-compliance, penalties, or gaps in your controls.

How often should compliance audits or reviews be conducted?

Audits or reviews are typically recommended at least annually or whenever there is a significant change in regulation, business operations, or risk profile. Some institutions may require more frequent internal reviews depending on size and complexity.

Do you provide updates to policies and procedures when laws or regulations change?

Yes. Part of ongoing support includes keeping your AML/CTF, KYC, customer-due diligence, and risk-assessment policies up to date to reflect current laws, regulator guidance, and your operational environment.

Is staff training included in ongoing support?

Yes, we offer refresher training and awareness sessions for staff and management to ensure everyone stays informed of evolving compliance requirements and internal procedures.

How do you handle compliance incidents or non-conformities?

We assist in incident investigation, remediation planning, implementing corrective measures, and advising on necessary reporting to regulators where required.

Do you provide advisory services as risks evolve or new services are added?

Yes. As your institution evolves—adding new products, entering new markets, or changing operations—we perform updated risk assessments and provide advisory to ensure compliance frameworks remain fit-for-purpose.

Can ABM Global Compliance help when regulators perform reviews or inspections?

Yes. We can help you prepare for regulatory inspections or reviews by auditing compliance readiness, ensuring documentation is in order, helping with reports, and advising on demonstrating compliance to regulators.

SPI/MSB Ongoing Compliance Support Services

Ongoing Compliance Support

Compliance is not a one-off task completed at the time of licensing or registration—it is a continuous commitment to regulatory alignment, risk management, and operational integrity. Regulators such as the FCA (Financial Conduct Authority) and HMRC (Her Majesty’s Revenue & Customs) expect firms to demonstrate an embedded culture of compliance, backed by robust frameworks, effective governance, and proactive monitoring.

Failure to maintain ongoing compliance can result in regulatory fines, enforcement actions, reputational damage, and even the revocation of authorisations. To prevent this, firms must not only remain vigilant but also ensure their compliance systems evolve with changing regulations, emerging risks, and business growth strategies.

At ABM Global, we provide comprehensive, end-to-end ongoing compliance support—giving your business the assurance that it remains fully compliant, audit-ready, and regulator-proof at all times. Our solutions reduce regulatory risk, ease the administrative burden, and free up your team to concentrate on driving business expansion.

ABM’s Ongoing Compliance Support Covers

1. Policy & Procedure Updates

Continuous review and refresh of AML/CFT frameworks, governance policies, risk assessments, and operational procedures.
Ensuring alignment with FCA Handbook, HMRC AML regulations, FATF Recommendations, and industry best practices.
Tailored updates reflecting changes in your business model, product lines, geographical exposure, and customer risk profile.

2. Regulatory Returns & Notifications

Full assistance in preparing, reviewing, and submitting FCA and HMRC filings, including RegData submissions, SAR reporting, and periodic returns.
Ensuring accuracy, completeness, and timely submissions to avoid penalties or regulatory scrutiny.
Proactive reminders and scheduling to keep your compliance calendar on track.

3. Client Due Diligence (CDD) & Enhanced Due Diligence (EDD)

Risk-based frameworks for conducting onboarding checks, periodic reviews, and event-driven reviews.
Implementation of EDD measures for high-risk customers, including PEPs, cross-border clients, complex ownership structures, and high-risk jurisdictions.
Integration of transaction monitoring alerts with CDD for holistic risk management.

4. Audit & Inspection Preparation

Mock audits and readiness reviews to prepare for FCA or HMRC inspections.
Independent evaluation of your compliance program, identifying gaps, weaknesses, and regulatory risks.
Remediation planning with clear corrective action roadmaps.
Support during actual inspections, including liaising with regulators and providing necessary documentation.

5. Training & Awareness

Customised AML/CFT training for staff, compliance officers, and senior management, fulfilling FCA training obligations
Practical workshops on CDD, sanctions screening, transaction monitoring, suspicious activity reporting, and governance responsibilities.
Regular knowledge refreshers to keep employees updated on new regulations and emerging threats

6. Management Information (MI) & Governance Support

Development of MI dashboards, compliance scorecards, and Board reports to track regulatory health.
Governance frameworks to ensure Board-level oversight of compliance risks and actions.
Assistance in preparing for SM&CR (Senior Managers and Certification Regime) obligations, including statements of responsibilities and fitness assessments.

7. Ad-Hoc Advisory & Ongoing Consultation

On-demand expert guidance to address regulatory updates, high-risk cases, or emerging compliance challenges.
Strategic advice on new product launches, cross-border expansions, or regulatory changes impacting your business.
Support with responding to regulator queries, remediation notices, or compliance-related incidents.