NEWS

Our clients have been busy. So far in 2018, 23 funds have closed on The ID Register ranging in size from 5 to over 200 investors. We are currently supporting 12 active closings with a further 11 in the pipeline.

We support each investor as they complete their profile on The ID Register. Our new Fund Closing Dashboard gives clients and their fund counsel a clear view of progress. Each investor needs to complete their profile only once and can then share it to new funds in which they invest. We are seeing significant crossovers and instances where investors have asked new potential investments to contact us.

Funds can clos…

The ID Register has been recognised with a silver award at the Guernsey Financial Services Commission's (GFSC) "Soundbox Sprint Innovation Challenge" on Friday 22 June 2018.

The one day event challenged participating teams to develop digital solutions for one or more of three pre-set challenges, including how technology could be used to; optimize efficient and effective client due diligence, improve administration and assist the financially excluded.

The ID Register was presented the award in recognition of the solution it offers for continually changing regulatory requirements and the lengthy paper based processes ass…

Facebook was still three years away from launch when I graduated. The screech of my dial-up modem was followed by some simple websites that functioned just like the posters or billboards that had preceded them. Less than 20 years later, we all witnessed a congressional circus around Mark Zuckerberg where democratic leaders struggled to understand the complex problem of data privacy for which neither government, financial markets nor firms themselves have a ready answer.

The ID Register recently passed the 20,000 investor profile threshold and, while miniscule in comparison with the terabytes of data held by Facebook, it i…

In 2017, The Joint Money Laundering Steering Group, (JMLSG) which sets the regulatory guidance for all UK financial services firms, issued revised KYC guidance. This ensures that United Kingdom regulations remain in line with recent updates from the Financial Action Task Force (FATF) and the European Union Fourth Money Laundering Directive. This revised guidance places a particular emphasis on financial services businesses adopting a risk based approach to counter potential Money Laundering and Terrorist Financing risks. This update explains the overall approach, recent changes and how these requirements can be satisfied t…