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BDO Cerberus supports The ID Register with GFSC licence application

03 February 2021

BDO Cerberus Regulatory Consulting has acted for The ID Register in supporting their regulatory application with the Guernsey Financial Services Commission (GFSC).

BDO Cerberus’ Business Advisory Director Paul Robinson and Advisory Senior Manager Amanda de Carteret assisted with the application, including advising The ID Register team on the scope of their regulatory application and drafting key regulatory policies and procedures.

Amanda de Carteret said: “BDO Cerberus is pleased to have assisted The ID Register with their application in what is seen as a ‘first of its kind’ licence issued by the GFSC.  We are pleased to be able to support our clients in their interaction with the regulator across the entirety of their life cycle.”

Tim Andrews, Founder of The ID Register, said: “BDO Cerberus provided us with intelligent and practical advice and support during the application process.  The ID Register’s centralised due diligence platform is an elegant and obvious solution, and our regulated status now provides additional assurance of our responsible, expert and caring support for each investor, allowing funds to close more quickly, simply and with less fuss anywhere in the world.”

BDO Cerberus provides governance, risk and compliance consultancy services to regulated businesses in Guernsey, with decades of experience in the financial services industry including over 20 years spent at the GFSC.  Through credentials and experience, BDO Cerberus provides a range of services which can be shaped to the specific needs, requirements and risks of individual businesses.

 

BDO Cerberus Regulatory Consulting Limited is a subsidiary of BDO Limited (Guernsey), a member of the international BDO network, the world’s fifth-largest accounting and business advisory network.  BDO has a rich history in Guernsey and has been at the forefront of the accountancy profession in the Channel Islands for more than 120 years.

The ID Register is trusted by over 25,000 investors and 270 clients as the onboarding authority across the private markets and beyond.  Investors control their own subscription, KYC and FATCA-CRS profile which they need complete only once while fund managers, administrators, banks and regulated service providers can rely on our approval.