About NCS
NCS eMoney Services (TCI) Ltd was incorporated in June 20, 2008 in the Turks and Caicos Islands under the Companies Ordinance, 1981. The company operates under a money transmitters’ license issued on September 9, 2009 in accordance with the Money Transmitters Ordinance 2007.
NCS ePayment Services (TCI) Limited was incorporated on December 18, 2013 in the Turks and Caicos Islands under the Companies Ordinance, 1981.
The company operates under a money transmitters’ license issued on April 8, 2019 in accordance with the Money Transmitters Ordinance 2007.
Each company is a member of the NCS Financial Services Group and is a 100% subsidiary of NCS Enterprises Inc. an International Business Corporation incorporated in St. Lucia. NCS Enterprises is in turn owned 100% by Nelson Christian Stokes.
Governance Statement
The Boards of Directors of each group member (NCS) are responsible for the corporate governance of their respective company. This statement generally describes the practices and processes NCS has adopted to ensure sound management of NCS within the legal framework under which it operates. The key principles are accountability, disclosure and independence…….
What We Believe
We believe in the dignity of every human being and this is reflected in how we deal with our customers and each other. We believe that migrant workers have particular needs for encouragement, support and access to services as they seek to make a life in a foreign country; and that among these needs is access to high quality affordable financial services. We believe that we are capable of providing such services and are committed to doing so.
Why We Do…What We Do
NCS Financial Services Group exists for the purpose of providing a return to shareholders and providing a means of livelihood and self fulfillment for employees by financially empowering migrant workers in the Turks and Caicos Islands through providing high quality, affordable financial products and services which will improve their quality of life and provide a link to family and financial institutions in their nations of origin.
Financial Services Group Structure
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Nelson Christian Stokes OD, OLY, PhD is the Founder and Executive Chairman of NCS Enterprises (ncsenterprises.com) a group holding company with three divisions, Sport, Knowledge and Financial Services.
NCS Enterprises is incorporated in St. Lucia as an International Business Corporation (IBC). Dr Stokes is the sole shareholder in NCS Enterprises and therefore the beneficial owner of NCS Financial Services Group and its Subsidiaries.
NCS Financial Services Group is incorporated in the Turks and Caicos Islands. It is a holding company and holds no business licenses. One hundred per cent of the shares are owned by NCS Enterprises.
National Company Services is incorporated in the Turks and Caicos Islands, and operates in the Turks and Caicos Islands with a Secretarial and Administrative Services business license. One hundred per cent of the shares are owned by NCS Financial Services Group.
NCS eMoney Services is incorporated in the Turks and Caicos Islands and operates in the Turks and Caicos Islands under a Money Transmitter Business license. One hundred per cent of the shares are owned by NCS Financial Services Group.
NCS ePayment Services is incorporated in the Turks and Caicos Islands and operates in the Turks and Caicos Islands under a Money Transmitter Business license. One hundred per cent of the shares are owned by NCS Financial Services Group..
NCS eLoans is incorporated in the Turks and Caicos Islands and operates in the Turks and Caicos Islands with a Financial Services business license. One hundred per cent of the shares are owned by NCS Financial Services Group.
How We Do It
Sales
Use every encounter with customers or potential customers at work and outside of work to sell and or cross sell our products and services.
Service
Welcome and engage our customers. Conduct each transaction as if it were your own. Own their service problems and resolve in good time.
Innovation
Continually create, develop and implement solutions for customers.
Security
Be aware. Protect life first. Protect customers, assets and trust funds.
Compliance
Daily practice and reinforcement of AML/CFT practices, policies and procedures. Be knowledgeable about and practice all company policies.
Work Ethic
Become an expert in what you do; make the extra effort; go the extra mile. Take pride, honor and dignity in your work.
Team Work
Respect, encourage and support each other. Make each other better.
Board of Directors and Advisors
Nelson Christian Stokes
Chairman
Blossom O’Meally-Nelson
Director
Kayon Stokes
Director
Barry Whyte
Director
Darcy Parkins
Advisor
Kadion Preston
Advisor
Bruce Bowen
Advisor
Executive Leadership
Nelson Christian Stokes
Chief Executive Officer
The primary role of the CEO is to develop, get buy-in and lead the execution of the group’s strategic plan. The CEO is responsible for the financial performance and financial stability of the group, and interfaces with the Board of Directors, Regulators, business and banking partners and the public on relevant related matters.
Marjorie Robinson
Chief Operating Officer
The Chief Operating Officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.
Kayon Stokes
Chief Digital Officer
The Chief Digital Officer (CDO) combines business acumen with digital expertise to lead the organization’s drive to digital transformation via an enterprise-wide digital vision and strategy.
Barrington Whyte, MBA, B.A.
Chief Risk and Compliance Officer
The Chief Risk and Compliance Officer (CRCO) is the executive accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to the Group. These risks are commonly categorized as strategic, reputational, operational, financial, or compliance-related. The CRCO is accountable to the Executive Committee and The Board for enabling the business to balance risk and reward and is responsible for assessing and mitigating significant competitive, regulatory, and technological threats to a Group’s capital and earnings. To achieve this CRCO is responsible for coordinating the organization’s Enterprise Risk Management approach.
Desmond Morrison
Chief Financial and Internal Controller
The Chief Financial and Internal Controller is primarily responsible for providing accurate and timely company records by managing the accounting function. Duties include the accurate recording of all transactions and producing financial statements budgets, variances with explanations and reports to guide decision-making and reporting. The timely preparation of reports to be provided by companies in the group to regulators is central to the role. The position also serves to manage operational risks and protect assets, ensure accuracy of records, promote operational efficiency, and monitor and ensure adherence to policies, rules, regulations, and laws.
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