Ian Christie

Listen to Bea Berry's episode of the Inside Risk and Compliance podcast - out now on all platforms. https://lnkd.in/d9kC2HCT #compliance #legalpodcast #lawcareers

Do you really know why there is a business need for a Compliance hire when interviewing? Turnover of MLRO's and Head's of Compliance has been a key discussion point for quite a few conversations I've had recently. One of the questions you as a candidate can ask in an interview can help you understand the exact reason why the business is looking for a Compliance individual. A Compliance team must possess: ✅ Regulatory expertise. ✅ Technological expertise. ✅ Investigative nature. ✅ Stakeholder management. ✅ Effective business wide training. ✅ Effective leadership. It doesn't matter if you're strong in all these skills or only a select few. Interviewing for a Compliance position can be a mutual discussion about where the business really needs one or more of the above skills, and understanding where you can bring value and grow your career. Any misalignment in business need and candidate expectation can result in an expensive wrong hire or short tenure. What are the other skills you would add? #compliance #financialcrime #interviewtips

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Last week the FCA and PRA jointly issued regulatory consultation proposals to: Relax some regulatory deferral items and dividend requirements; and Simplify and harmonise some other regulatory issues. Click the link to read further. https://lnkd.in/ez6fVpnQ #corpgro #governance #corporategrowth

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To claim R&D tax credits, your company must meet specific criteria. Grants and subcontracting can also impact your eligibility. That's why professional advice is crucial when preparing your claim. At Growth Hive UK, our team of experts can help you navigate the complexities of R&D tax credits. Contact us today for a consultation. 👉 www.growthhiveuk.com #GrowthHiveUK #RandD #ResearchAndDevelopment #TaxCredits

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The 'Spongebob' Dissolution Plan: is it fair or flawed? As a DIY approach to closing a company for a minimal fee, the Spongebob dissolution plan proposes that company directors can dissolve a company without appointing an Insolvency Practitioner. But despite the low costs, there are risks to be aware of from potential investigations to possible penalties for directors if not handled correctly. Mitigate risks by consulting with an expert, read more about the Spongebob dissolution plan here: https://lnkd.in/eYbDYvEQ #Insolvency #BusinessRecovery #ProfessionalAdvice #FinancialAdvisory #InsolvencyExperts

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I'm hearing people say the funds market is a bit dead? Okay it's not 2022, but I'm working on a number of roles with top US law firms that include the following: - 1-2 PQE Private Funds (PE infra and 2ndaries) - class of 2021 and above (Mega Funds) - 3-5 PQE (Mid-market PE and RE) - 4-7 PQE incl Counsel (PE, Infra, Credit, GP led 2ndaries) - 3-5 PQE (PE, Infra, and GP led 2ndaries) One issue that funds lawyers have been running into, is being encouraged to apply super quickly to high growth teams before they're in a position to triage applications. Sometimes months before. Lawyers are finding that they're just not getting feedback and they're losing faith in their CVs altogether. If you've applied over 6 months ago for roles that you're now hearing about again, you have the option to choose a new recruiter. If your CV needs bumping up back to the top of the pile, I can make best efforts to do so if there's a genuine fit. The first step is call or a coffee, and I'm happy to give genuine thoughts on the right fit for you. #talktomayo

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Tax planning not only requires consideration of income and deductions for the year, but also requires considering whether your compliance requirements have been met. As 30 June is fast approaching, hopefully you have considered some of these: 1 - Review debtors list prior to 30 June 2024. Any debts that are not recoverable should be written off. 2 - Plan stocktake  3 - Depending on cash flow, you may choose to bring costs forward into the 2024 financial year to reduce tax liability 4 - What does the tax position look like for financial year 2024?  5 - Do you have a business plan from 1 July 2024 onwards? #taxplanning #taxstrategies #financialyearend #smebusiness #businessplanning #growth #businessgrowth #ascendpoint 

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Do you know how the latest FCA enforcement trends could impact your firm? Recently, the FCA shared its enforcement data and annual report for 2023/24. Along with a key speech from Therese Chambers, these updates show the FCA is becoming more assertive and data driven. This means more interventions that regulated firms need to know about. Join us as we take an in-depth look at the FCA investigation and enforcement trends. Reserve your spot today 👉https://ow.ly/iNeM50TUKr0 #FinancialServices #FCAUpdates

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The SRA has published its new Warning Notice (21 June) warns against funds missing from a firm's client account. The SRA has made it clear shortages will not be tolerated. Whilst the SRA hasn't reported any sanctions decisions relating to this issue in particular recently, the warning notice outlines the risks of firms failing to quickly address a shortage. Firms will note the relatively recent closure of Axiom Ince last year, where the SRA reported the largest shortage in client account funds of £64m. #SRA #compliance #riskandcompliance #lawfirm

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The new UK tip law implemented at the start of October will see transparent and efficient tip distribution for employees, facilitated by innovative instant payments and account-to-account (A2A) transactions. U.K. employers are no longer able to make deductions for administrative fees, such as credit card charges or till shortage, per the Act, meaning a more transparent process for all. As the UK regulations have now been implemented, instant payment solutions capable of calculating tip pools and sending payouts directly to employees' banks will help businesses comply. Learn more about what this development means for hospitality businesses and the payments industry in PYMNTS: https://lnkd.in/eVTyFFZT #HPS #InstantPayments

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📢 Why are November and December interesting Months for eDiscovery Recruitment As we approach the year-end, it’s natural for the eDiscovery recruitment market to slow down. Here’s why: Many companies finalise their budgets in December, with new allocations expected in January. However, delays in approvals mean that significant hiring activity often doesn’t pick up until February or March. This creates a seasonal lull and opens opportunities for those who act strategically. 🎯 For Candidates: If you’re on the lookout for your next eDiscovery role, early in the year is prime time to apply. Once budgets are approved, companies move quickly to secure the right people. Use this quieter period to polish your CV, prepare for interviews, and align your goals with the upcoming opportunities. I am here to help you with this, and approach the market correctly. 💡 For Employers: If your team has an immediate need, don’t wait. Act now to secure the best candidates before January's hiring frenzy. Yes, a 2-3 stage hiring process can be completed in as little as two weeks — it’s been done and works well when urgency aligns with focus. Whether you’re hiring or job-hunting, the key is timing. Reach out today for more information. #eDiscovery #Recruitment #JobSearch #HiringTips #CareerMoves

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The Financial Conduct Authority has released a document highlighting pre-contractual disclosure examples for firms intending to apply fund labels under the Sustainable Disclosure Requirements regime. "We hope to see the regulator build on this over time, including providing more detail on where firms may be falling short in their fund disclosures." - James Alexander, UKSIF Author: Michael N. https://lnkd.in/eXyWmmva Rebecca Kowalski FPFS, Sustainable Finance specialist #FinancialDisclosure #Sustainability #FundLabels

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Independent AML Audit - £995 + VAT https://lnkd.in/dQrXiiAF for info. I spoke recently with a law firm about them using it as part of their due diligence - on acquisition targets. Interesting. Obviously worth doing for your own firm as well to check your staff are following your AML policies. See the link for what we do. Built around what the SRA want. Some of our clients ask us to do this every 2 years. Sensible. #lawfirm #AML #moneylaundering #legalissues #lawyers

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The Payment Systems Regulator has published a policy statement on compliance and monitoring under the Faster Payments System APP fraud mandatory reimbursement requirement, introducing changes and flexibility in some areas as well as informal guidance on the required customer communications to help payment service providers. Click below to read the key takeaways. #fraud

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⚠ Please note the latest #Insolvency update from HM Revenue & Customs on the process for directors’ loan accounts written off in #CorporateInsolvency procedures: https://lnkd.in/evsdwCEa #Turnaround #Restructuring

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