Financial Crime Compliance

Financial crime poses significant harm to society and regulatory, legal and reputational risks to banks. Threats continue to evolve and grow in sophistication. Addressing financial crime is essential to safeguard the bank’s assets, maintain integrity and support stability. Staying ahead of regulatory developments as well emerging risks – in particular in Anti-Money Laundering (AML) and Know-Your-Client (KYC) – is key to protect the bank.

Are you asking yourself:

Are we sufficiently prepared for upcoming regulatory changes and new requirements?
What are emerging financial crime risks and how can we best address them?
How effective is our ongoing monitoring against our financial crime risk appetite?
Do we have the right information at hand to effectively assess financial crime risks and take the right decisions – e.g., about client onboarding and maintaining relationships?
Have we upgraded the bank’s key financial crime controls to best-practice-technology to support efficiency and effectiveness of the Financial Crime Compliance program?

What you will get from us:

Transparency on upcoming regulatory requirements and their impact on governance, policies, procedures and controls in your bank
Insights into emerging risks and financial crime compliance pitfalls
Establishment of ongoing monitoring frameworks that are aligned with your bank’s specific financial crime risk appetites
Best-practice technology enhancing your financial crime controls with tools and platforms and an automation roadmap to integrate technology into monitoring and control frameworks
Guidance on “what good looks like” based on insights in control frameworks of our clients around the globe
Support to implement and rollout changes to the Financial Crime Compliance program

Our Approach

Assessment and customization

We begin with a detailed analysis of your current financial crime controls, applicable regulatory requirements and risk landscape, identifying areas of enhancement. Using this baseline, we design a customized roadmap to upgrade your Financial Crime Compliance program and systems to best-practice technology that aligns with your bank’s specific needs
Monitoring frameworks

We assess and define key information and metrics, identify data sources, prepare data and data feeds and integrate monitoring and reporting solutions helping to identify potential threats and mitigate exposure beyond financial crime risk appetites
Sustainable integration

Once amendments to the Financial Crime Compliance program and systems have been defined and aligned with relevant stakeholders, we implement them in an audit-proof way. This includes amendments to policies and procedures, control design, roles and responsibilities and training as well as sourcing, development and rollout of technology solutions
Continuous improvement and support

Financial crime risk management is an evolving discipline. We establish a framework for continuous improvement that includes regular reviews, assessments and amendments embedded in bank’s risk and control review processes