Mark MacDonald

Compliance Manager @activpayroll

Act as advisory for the first line of defence including the board and senior management offering guidance and support in all compliance aspects including AML, CFT, Politically Exposed Persons and Sanctions. Transformed the compliance function by introducing policies, processes and procedures and driving cultural change. Act as the point of escalation for the business and deputy MLRO. Project Manager of a complex application process to central banks in the EU to become an authorised payment institution. This will allow the business to become a regulated payment services provider in all EU jurisdictions, opening new markets to the business. The application process involved liaising with senior management to board level, legal teams and other stakeholders ensuring timescales were met, the application was completed to high standards and all information is provided in a timely and concise manner. Reviewed and re-wrote the AML policy and procedures document, ensuring it meets regulatory requirements in the UK, EU and UAE. Covering AML, KYC, sanctions, PEP, customer due diligence and enhanced due diligence. Responsible for the procurement of KYC/AML software that has streamlined the client onboarding process and will help ensure the Business meets its regulatory requirements in the UK, EU and further afield protecting the Business and its clients. Reviewed and re-wrote the Data Protection and Anti Bribery and Corruption policy documents.