Forex license renewal and the compliance that follows.
A licence is not a one-off achievement. Most regimes expect renewals, periodic filings, ongoing KYC and AML work, and a record that shows your controls actually operate. A calendar and an owner prevent missed dates.
Build a compliance calendar
List every recurring obligation: renewal dates, fee payments, financial statements, audits, regulatory returns and staff training. Assign each to a named person with a reminder well ahead of the deadline.
KYC, AML and monitoring
Policies on paper are not enough. Regulators and banks look for evidence of onboarding checks, transaction monitoring, escalation of suspicious activity and staff training. Keep logs that show the process working.
Security and operational reviews
Periodic security reviews of your platform, CRM and hosting reduce risk and support your standing with regulators. Link the findings to a fix list with dates. See our broker support page for operational help.
Preparing for an inspection
Keep a folder of policies, training records, monitoring logs, complaints and board minutes, indexed so that anything can be found quickly. A regulator’s visit is far easier when the evidence is tidy, current and consistent with what your website and agreements say.
Questions we hear
What if I miss a renewal date?
Consequences vary and can be serious. Contact the regulator promptly and take professional advice.
Do offshore licences need compliance work too?
Yes, usually in a lighter form, but banks and payment providers still expect sound KYC and AML practice.