ThreeSixty Regulatory Solutions is a local compliance firm specialising in providing expert advice on all regulatory and compliance matters.
They boast a dedicated team of highly experienced individuals from the Commission, FIU, Guernsey Registry and industry to offer unique knowledge and insight into regulatory requirements.
ThreeSixty announced today that Douglas Joy (pictured), a highly experienced and longstanding member of the Commission’s Financial Crime Division, will be joining them from 15th July as an Associate Director.
Stephen Cummins, ThreeSixty’s co-founder, said: “With an increase in demand for our services and the need to hire experts in the field, Douglas is the perfect addition to our team. As a highly regarded senior member of the Commission’s Financial Crime Division, he is one of the most experienced financial crime specialists on the island and is well known to many licensees who have undergone a regulatory on-site inspection. With hands-on practical experience, he is best placed to help firms understand and comply with the Bailiwick’s regulatory expectations, identify gaps, and ensure effective remediation.”
With such broad experience, he will be advising Boards on effective policies, procedures and controls, assisting firms with preparation for financial crime on-site visits, undertaking MLRO and MLCO roles, client file remediation and training.
Douglas said: “After ten years of interesting and rewarding work for the Commission, this is a very exciting time for both myself and ThreeSixty as it builds on its existing strengths and continues to provide a high-quality service to its clients. I am really looking forward to adding value to their portfolio of services and ensuring that both existing and new clients benefit from the advantages that such an unrivalled team can provide.”
Douglas qualified as a solicitor in England and Wales in 2005, with over 10 years of practice specialising in public administration law and civil litigation.
For the last 10 years, he has worked within the Financial Crime Division of the Guernsey Financial Services Commission, leading financial crime regulatory on-site inspections, overseeing licensees’ remediation projects, and leading on key policy work, including financial crime thematic reports on subjects such as beneficial ownership of Bailiwick legal persons, suspicious activity reporting, Source of Funds/Wealth, and financial crime business risk assessments.
Douglas also gained 18 months of valuable experience on secondment to the Guernsey Registry, assisting with its preparation for the 2024 Moneyval assessment, and the establishment and operation of its oversight and sanctions team.
He brings with him a wealth of expertise and practical knowledge in corporate governance, financial crime, risk management and regulation across all industry sectors. Through his specialist knowledge and legal background, he can assist firms in identifying areas for improvement, whilst implementing risk-based solutions which are aligned to commercial requirements.
Douglas holds an LLB (Hons) degree and an International Diploma in Governance, Risk and Compliance.
Full details of ThreeSixty Regulatory Solutions’ staff and services can be found here. Get in touch today on [email protected]
