Elian launches Funds Compliance Services to overcome clients’ regulatory demands

Friday 27 March 2015

Elian has launched a suite of professional compliance services in anticipation of developments in Jersey’s regulatory environment and more emphasis on corporate governance.

Elian’s Funds Compliance Services are aimed at Jersey regulated funds and are designed to ensure compliance with evolving legislation. The Funds Compliance Services, which are offered from the Jersey office, will enable regulated entities to easily demonstrate a robust, professional and focused approach to compliance, particularly around risk awareness and control, saving time and creating cost efficiencies.

Tui Iti, group director for risk and compliance at Elian, outlined the rationale for the services: "Elian can assign a designated compliance officer, money laundering reporting officer and money laundering compliance officer to each account to handle all compliance services, corporate governance, regulatory liaison and compliance monitoring. With the increasing level of regulatory requirements being introduced we have bolstered our expertise within the team and looked at ways to raise the bar with our compliance services to funds. AIFMD and FATCA are two examples of recent changes where Elian can demonstrate the added value now expected from our compliance services."

Elian director Charles Le Cornu said: "Elian’s Funds Compliance Services are a natural extension to our existing funds services. They offer new and existing clients oversight services that take complete control of ever-evolving regulatory changes. Bringing together Elian’s excellent corporate governance capabilities with our proven understanding and monitoring of the regulatory landscape will provide clients with confidence that they are fully prepared for legislative developments."