ComplianceBuddy - Outsourced Compliance Officer Services

Nordic Law offers ComplianceBuddy, an innovative outsourced Compliance Officer service providing long-term regulatory compliance support for fintech companies, crypto-asset service providers, and other regulated businesses.

Outsourced Compliance Management

ComplianceBuddy provides ongoing compliance management without the overhead of a full-time in-house compliance function. The service includes compliance policy development and documentation, monitoring of regulatory developments, policy updates, and direct liaison with regulatory authorities. This enables growing companies to maintain robust compliance programs while focusing resources on business growth.

AML and Financial Crime Compliance

The firm provides comprehensive AML compliance support across multiple sectors, including crypto-asset operations, payment services, gambling operations, and investment services. Their AML services cover transaction monitoring frameworks, suspicious activity identification, regulatory reporting, and compliance with sector-specific AML requirements under EU directives and Finnish regulations.

Sector-Specific Compliance Programs

Nordic Law's compliance services are tailored to specific regulatory regimes. For crypto businesses, they provide ongoing support for CASP compliance obligations under MiCA. For payment institutions and EMIs, they ensure compliance with PSD2 requirements. For iGaming operators, they manage responsible gaming obligations, marketing compliance, and channelization requirements under Finland's gambling reform legislation.

Regulatory Authority Liaison

ComplianceBuddy includes direct communication with regulators, including the Finnish Financial Supervisory Authority (FIN-FSA), data protection authorities, and other relevant regulatory bodies. The firm manages regulatory correspondence, prepares filings and reports, and maintains clients' regulatory standing through proactive engagement with supervisory authorities.

Governance and Internal Controls

Beyond operational compliance, Nordic Law provides consultation on governance structures, internal control arrangements, and compliance frameworks that meet both national and EU-level requirements. They help clients establish appropriate three lines of defense models, board-level compliance oversight, and internal audit functions scaled appropriately to business size and complexity.