Forex license renewal: controls, calendar and evidence.
Compliance is an operating system for obligations. Make it observable with a calendar, owners and evidence captured as work happens.
Obligation register
List each duty with frequency, authority, owner and evidence required: renewals, fees, statements, returns, audits and training. Generate reminders from the register.
Controls and monitoring
KYC, AML screening and transaction monitoring should produce logs. Sample them regularly and track exceptions to closure.
Technical reviews
Schedule security reviews of platform, CRM and hosting, and link findings to fix dates. See support operations for escalation paths.
Evidence sampling
Sample controls quarterly: pick onboarding files, monitoring alerts and complaints, and check evidence against policy. Record findings and fixes. Sampling gives early warning before an external review.
Control sampling example
Each quarter, sample ten onboarding files, five monitoring alerts and all complaints. Check evidence against policy and log results. Track corrective actions until closed.
Questions we hear
What if a date is missed?
Notify the regulator promptly and take advice.
Do offshore regimes need the same rigour?
Often lighter, but banks and providers expect evidence.