GBG.

Introduction

GBG Plc provides digital-identity technologies that prevent fraud and other financial crimes. They were established in the UK in 1989 and have come to play a global role in the world of digital commerce. GBG today has over 1,000 employees serving over 20,000 clients in 79 countries around the world.

The challenge

GBG’s software and services help organisations verify the identity and location of their customers, with the objective of reducing or eliminating the risk of fraud. The company grew significantly during the wave of digitalisation associated with the pandemic and the shift to remote work. However, the risks associated with remote work and virtualised workspaces drew the attention of both cybercriminals and cybercrime regulators. Nowhere was this more true than in Australia, which saw a notable increase in digital security legislation and penalties for security breaches.

In this ever-more regulated and stringent environment, GBG needed to ensure their operations and entities in Australia were compliant at all times. The very nature of their business – individual and organisational digital security – meant they bore a heavier than average responsibility to secure their operations against cybercrime or accidental data breaches. They approached this responsibility in the way befitting a company that processes over 200 million transactions per day: They turned to experts.

Solution

Acclime provided GBG with a range of services to ensure GBG’s full compliance with Australian regulations. These services include registered office services, resident officeholders, and acting as their local agent. Acclime’s registered office service provided GBG with a stable legal address in Australia which ensured they met the statutory requirement for maintaining a local presence. The resident officeholder service furnished GBG with an experienced local representative who possesses an in-depth understanding of Australian regulatory requirements, aiding in complaint management. Additionally, the local agent service served as a bridge between GBG and the authorities, facilitating efficient communication and minimising administrative burdens.

In this highly regulated environment, Acclime’s services not only ensured GBG’s continuous compliance but also allowed them to focus on operating their business.

Over the years, Acclime’s collaboration has extended beyond those core functions to include regular tax compliance services.

Results

GBG has partnered with Acclime since 2017, and GBG’s satisfaction with the quality of service and the prompt attention they’ve received from Acclime has been a pivotal factor in establishing a strong and lasting partnership. By leveraging its extensive network that stretches across Asia, Acclime has supported GBG across multiple territories and shaped GBG’s remarkable journey as a leading company for identity verification and fraud prevention solutions.

About GBG.

GBG is a global specialist in digital identity and is publicly listed on the AIM market of the London Stock Exchange. They have evolved over the last 30 years from a domestic address management specialist to a global leader in location services, identity verification, and fraud prevention solutions. 

If your organisation is seeking expert corporate advisory or services in Australia, reach out to the local Acclime teams in Adelaide, Brisbane, Melbourne, or Sydney.