Lazorne Group Pty Ltd (formerly Compliance Consulting Pty Ltd) (“Lazorne Group”) was established in March 2002 and is a company that specialises in providing consulting services in regulatory compliance to the financial services industry.  Thus, Lazorne Group assists its clients in meeting their ongoing legislative obligations from a compliance perspective.   The services offered include:

• Licensing (and variations to licenses);
• Ongoing compliance i.e. establishment of compliance infrastructure;
• Compliance Committee meetings;
• Compliance advice;
• Documentation of Policies, Procedures and Programs;
• Training; and
• Compliance “Health Checks” and ongoing monitoring of compliance obligations.

Accordingly, Lazorne Group is able to support and enhance its customer’s ability to meet their compliance and regulatory obligations. We are an organisation that offers an additional line of defence in an increasingly rigorous regulatory environment and are available to support and help your staff (where required).

• A commitment to quality and client success.
• Practical advice and commercial solutions at an affordable price.
• Product development / specialist financial services expertise.
• Clear plain English drafting.

It is not only good practice, but often a legal requirement, to provide ongoing training to representatives of your organisation. This enables you to demonstrate staff competency in the services you provide to your clients.

To assist in this process, Lazorne Learning currently publishes a monthly Regulatory Update newsletter, which provides its clients with timely information about developments and on topical issues concerning the financial markets in Australia. Our aim is to keep clients informed of recent events, developments and/or upcoming changes in legislation that may impact upon their business. 

Currently this newsletter is published on this website. Lazorne Learning is in the process of enhancing its service to offer a fully functional online learning solution which will be delivered over the internet.

With the assistance of Ocean Informatics Pty Ltd (a software development company), Lazorne Informatics has developed specialist software and in particular an Anti-Money Laundering and Counter-Terrorism Financing (“AML/CTF”) Program.  This Program is transactional based and is delivered over the internet and provides for document based AND electronic identification, verification and risk assessment. 

In brief, it enables a Reporting Entity to comply with its legislative obligations and implement measures to ensure that it is not facilitating money laundering or terrorism financing through the provision of its financial services. Larger organisations can install and run the program in-house.

Lazorne Fund Administration Services offers Fund Accounting/Administration Services to meet your administration needs. This includes:

• Fund Accounting;
• Unit Price Calculation;
• Registry Services;
• Fee Calculations;
• Middle Office Functions (open position reconciliations); and
• Reporting.

We note in particular that it is an integrated solution that performs Fund Accounting, Unit Pricing and Registry Services in one system (as opposed to other solutions which use separate components resulting in interoperability constraints.)

The technology is sophisticated. Accordingly, we are well equipped to handle complex transactions (on both the long and short side) and able to perform very complex computations across the suite of financial products (e.g. performance fee calculations can high watermarks, hurdles and series consolidations).

MCS has a rich and stable object model that enforces formal rules using a specific business rule language. The software is robust, well established and comprehensive i.e. it includes over 3000 rules which can be made to measure for each respective Fund.

The principals of Lazorne Group have a minority shareholding in Australian Fund Monitors Pty Ltd (AFS Licence number 324476) which provides a sophisticated search engine across a comprehensive database to provide information pertaining to Australian Hedge Fund Managers and the Hedge Fund industry in general, including a summary of the trading strategy, level of funds under management, details of past performance, personnel and other key information relating to the Fund Manager’s operation and activities.  It is useful for local and offshore investors seeking to track or source a Fund Manager that suits their specific requirements.  For more information we refer you to the website of Australian Fund Monitors Pty Ltd.