SERVICES

At MC Compliance Services, your vision is our process.

We are experienced in providing the following services in:

MC Cosma Compliance Services provides compliance and business advisory and support to senior management bodies, and their boards for specific areas of engagement for firms operating within a regulated environment.

Our on-demand services and support are tailored to your company’s strategy, risk appetite, compliance and operational requirements.

We are proud of our experience and success in delivering results in the compliance advisory services in authorizing regulated investment firms, electronic and payment institutions with competent authorities.

At MC Cosma Compliance Services, we have well-established strong relationships of trust with a number of competent authorities. Through our business network we offer:

– Advice on the optimal, cost-effective structure to satisfy regulatory requirements (preparation of application package, funding and bank account opening) and apply for a license for EU and non-EU based regulated investment firms, Payment and Electronic Money Institutions, eGaming, Corporate / Administration Service Providers, Financial Institutions.

– Advice on the current regulatory framework always tailored-made to your structure and business model by applying the most efficient best market practices

– Advice and support services on the extension of license

Markets: UK, Malta, Cyprus, Greece, Curacao, Lithuania, Bellarus, Russia, South Africa, Australia, Ireland, Gibraltar, Belize, BVI, Mauritius, Seychelles, Cayman Islands, Bermuda, New Zealand, Vanuatu, Labuan, Singapore, Luxemburg, Hong Kong, Isle of Man, St. Vincent

At MC Cosma Compliance Services, our dedicated team of experts has extensive experience and knowledge in compliance advisory services in licensing of EMIs and PIs in Cyprus, UK and Lithuania and can successfully coordinate and overview the application and licensing process as well as the requirements set from time to time by the relevant competent authorities.

AML regulation continues to be both a high-profile risk and continually changing area. Regulators across the world are consistently taking decisive, public actions against firms and individuals for AML Failures in an effort to combat crime. Our job at MC Cosma Compliance Services is to adopt and apply to our clients the concept of business health check in a current overall assessment of the critical elements of their business in the AML landscape.

Our independent health check aims to assess the current position of the firm through the review of the current internal AML&CFT policies, procedures, controls and practices implemented and adopted by providing recommended corrective and mitigating measures. The results will determine how healthy the business is or highlight ways to bring change/improvement.

Our health check is conducted by experienced AML/CFT professionals targeting the most critical areas based on a risk-based approach and assess the design, implementation and operational effectiveness of the designed AML&CFT programs. The audit process is conducted based a three-step approach aiming in identifying the areas that require immediate attention or improvement and the areas of compliance and non-compliance.

AML regulation continues to be both a high-profile risk and continually changing area. Regulators across the world are consistently taking decisive, public actions against firms and individuals for AML Failures in an effort to combat crime. Our job at MC Cosma Compliance Services is to adopt and apply to our clients the concept of business health check in a current overall assessment of the critical elements of their business in the AML landscape.

Our independent health check aims to assess the current position of the firm through the review of the current internal AML&CFT policies, procedures, controls and practices implemented and adopted by providing recommended corrective and mitigating measures. The results will determine how healthy the business is or highlight ways to bring change/improvement.

Our health check is conducted by experienced AML/CFT professionals targeting the most critical areas based on a risk-based approach and assess the design, implementation and operational effectiveness of the designed AML&CFT programs. The audit process is conducted based a three-step approach aiming in identifying the areas that require immediate attention or improvement and the areas of compliance and non-compliance.

Often regulatory and legislative framework are complicated and rapidly changing. For this reason, every established business shall take all the necessary steps to ensure that it is compliant with all the regulatory requirements as well as that their operations are efficient and effective.

Companies shall implement procedures and ensure the performance of holistic reviews of compliance with the regulatory framework to avoid possible compliance failures always ensuring the optimization of operational efficiency and cost minimization.

Our services cover a full scope specific areas over the procedures followed by regulated investment firms, to assess compliance level as well as to recommend and/or assist in implementation of an action and/ or remediation plan for the purposes of full compliance with the relevant legal framework.
Our compliance and operational health check is designed in order to add value to the senior management bodies and their boards in order to ensure clear direction and orientation of every regulated investment firm and their stakeholders.

As the tech industry is challengingly and increasingly changing, we are here to encounter the new financial environment reality. A new knowledge economy has taken shape that values intellectual property (trademarks, patents and ideas), we recognise that opportunities are greater than ever.

MC Cosma Compliance Services are here to assist you in comprehensively structuring and operational support services to cost-effective and efficient execution of your global roadmap for all your FinTech business.

We are here to provide on hand specialised support and advise on the following:

  • Ensuring your IP rights are registered (at national, European and international level) and legally protected;
  • Advise on tax effective IP matters and acquisition of ruling;

Assistance in the drafting of contracts in relation to IP services (i.e. software development Agreement, assignment, licence agreement etc) from commercial aspect.

MC Cosma Compliance Services’ goal is to minimize risk exposure and business, compliance failure of regulated investment firms and remain on top of the latest regulatory update. We always strive for our clients’ businesses compliance with current regulatory updates.

We are proud to believe that MC Cosma Compliance Services is a leading service provider in advisory services to firms operating in the regulated landscape. Our team of highly motivated, flexible and results-driven professionals have extensive experience in such industries.

Our comprehensive and bespoke services pay attention at each client’s needs ensuring confidentiality, transparency, and complete peace of mind.

Our utmost goal is to assure that our clients enjoy our acquired knowledge and expertise by providing the best possible solutions and advise always within the regulatory context tailored- made to our clients’ business model and needs.

Our extensive experience, technical expertise, deep industry knowledge and global networking allow us to provide exceptional and high-quality compliance and financial advisory and support in various sectors inclusive of Cyprus Securities Exchange Commission, Central Bank of Cyprus, Financial Conduct Authority, Cyprus Gaming, Casino Supervision Commission and others.

Corporate structuring/ restructuring

 

A business, regardless of industry, shall be effectively and efficiently structured from a regulatory and compliance point of view in order for stakeholders to extract maximum value from time, effort and capital invested.

 

A successful corporate structuring shall be tailored with the anticipation of changes in the foreseeable future; Therefore, it shall not act as a response to current developments.

 

Our experience with complex international companies of all sizes gives our team a unique insight on advising on corporate structuring.  We can assist you in how to determine the appropriate corporate structure for your business, based on your specific goals and objectives. With our forward-thinking approach, we can assist you in achieving your long-term goals.

Structure simplicity

 

Corporate structure simplicity is a strategy aiming to rationalize a complex corporate group structure.

 

Good corporate governance imposes a strategic process to rationalise the structure which eventually will improve attractiveness to potential buyers and investment groups. Members of our team have accumulated extensive knowledge and expertise in structure simplicity on an international scale.  We have broad industry expertise in delivering optimal results.

 

We can identify and assess client’s needs and prepare a personalized and tailored-made approach ensuring that client’s needs are met and delivers optimal results for each individual corporate group. In this context, our global restructuring professionals and tax experts work together almost in every jurisdiction worldwide, both within the MC Compliance Services and through intermediary partners.

Tax Compliance Services

 

For companies and individuals to ensure their tax compliance by using their financial plan to choose tax-efficient investments and living decisions. Tax shall be very thorough and in accordance with the current taxation legislation with the aim to lead to an additional best practice tool for companies and individuals.  Private businesses shall consider the position of both the company and the owner to safeguard tax compliance for both.

Economic substance

 

Nowadays, the substance over form concept is being challenged by the regulators and various authorities across the world.

 

The purpose of “economic substance” is to limit offshore structures or arrangements that are making profits which do not reflect to any real activity in the jurisdiction.  “Economic structure” refers to the actual financial and operational activities of corporate structures.

 

The lack of economic substance in the local jurisdiction is a key indicator of potential tax avoidance practices.  Companies which do not establish substance in their jurisdiction risk potential disputes with foreign tax authorities.  The choice of the right jurisdiction shall be substantiated from an economic and commercial perspective in order to real substance to the business.

 

  • Assess economic substance requirement applicability.
  • Establish or enhance economic substance of your company internatioally.
  • Provide advice and recommendation on implementing substance.
  • Secure local substance through facilitating and documenting board meetings, access to office space, administration services, employee management.

Opening Bank Accounts in the chosen jurisdiction.

Efficient exit options

 

An exit plan is how an investor plans to get out of an investment. These plans are executed by business owners, investors, traders and aims to liquidate their position in a financial asset. On the other hand, an exit may occur due to a liquidity crunch.  Every investment shall be well-structured by taking a proactive stance to be ready for exit and therefore enhance the value of the investment.

 

MC Compliance Services is here to help you liquidate your assets and business as our expertise allows us to advise and execute the decisions we can make together. We are committed to providing robust solutions for the future of your investment which will suit your goals and objectives, while earning you the highest value for your business.

Financial Advisory and due diligence on business transactions

 

MC Cosma Compliance Services aid clients who seek advice on long term projects. Our team of experts with accumulated wealth of knowledge can provide you with trusted and independent advice in a variety of fields and subjects, such as due diligence reviews, mergers and acquisitions implementing and supporting strategies for acquisitions, mergers and/ or divestments. Our team of specialists and are well-trained and highly competent to perform such reviews of every business regardless of the size and scale of the transaction and the surrounding risks.

 

Among others the following shall be provided:

  • Assessment and evaluation of the financial status of the target company and understanding and reporting the assets and liabilities and obligations of the target company;
  • Identification of the business targets, negotiation and/ or intermediation between the parties;

Transaction reporting and support in completion of the deal.

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