There are a number of different factors to consider prior to undergoing a ‘fit and proper’ assessment, and although there is no one-size-fits-all approach, in today’s episode, I’m going to talk about some of the most important practices and principles that can help you achieve success in the FinTech compliance world! 

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Today’s episode:

• [00:39] An introduction to the topic of today’s episode. 
• [01:07] The importance of ensuring that your team is sound prior to an assessment.
• [02:23] Key factors to take into consideration when structuring your team.
• [04:20] Examples of roles within a FinTech company that can be combined. 
• [05:11] Cases where a director of one entity can be the director of another entity. 
• [06:35] Reasons that some regulators don’t approve of one person being the director of multiple entities. 
• [09:16] Why local experience is becoming less relevant in the FinTech world. 
• [10:38] Weighing up the pros and cons of hiring a part time compliance officer. 
• [11:45] Situations within which conflict of interest issues can arise, and my advice on resolving these. 

Show links:

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