Financial crime & compliance

Overview

Regulators’ relentless focus on financial crime and compliance and the penalties for non-compliance continue to escalate – even beyond the tenfold increase of the last five years. At the same time, firms face an increasingly unpredictable political landscape, sanctions and restrictions at both a jurisdiction and personal level. Combating financial crime requires a material compliance focus. The challenges are complex, and the costs can be substantial. We help clients to formulate strategic approaches and demonstrate measurable progress in reducing risk exposure and maximising the efficiency and effectiveness of their financial crime compliance programs, applications, and solutions.

Specialisms

We specialise in:

  • Enhanced due diligence
  • Lookbacks / remediation
  • Model governance, validation & tuning
  • Office of Foreign Assets Control (OFAC) screening
  • Sanctions screening
  • Systems implementation and integration services
  • Transaction monitoring & testing

The absence of a genuine culture of compliance is often a driver in the $26bn AML/KYC fines of recent years. We have developed a model aligned to our clients’ strategy that enables them to embed the desired culture and derive greater value from their investments in their systems, processes and people.

  • Communication programmes
  • Culture change & continuous improvement
  • Incentive programmes
  • Metrics & target operating models
  • Training

Our seasoned professionals work with the world’s largest and most diverse financial institutions to implement fraud interdiction programmes and systems including:

  • Cyber security
  • Electronic banking fraud prevention
  • Insider threats
  • Rogue traders
  • System tuning & model validation

We are experts in all key areas of information barriers including:

  • Control room
  • Model validation
  • Policies & procedures
  • Pre-trade approval & monitoring
  • Training

Our expert team have market-leading expertise in:

  • Anti-money laundering (AML) risk scoring
  • Customer due diligence (CDD) regulatory compliance
  • Customer due diligence (CDD) and enhanced due diligence (EDD)
  • Customer identification programmes (CIP)
  • Know your customer (KYC): customer data & documentation
  • On-boarding process: incumbents & workflow
  • Organisation & governance
  • Process automation: systems & data acquisition

We specialise in:

  • Model validation
  • Policies & procedures
  • Regulatory library mapping
  • Trade practices
  • Trade surveillance systems implementation
  • Training

Ensuring that the analytical models used to manage compliance risk are functioning as expected has become an integral part of our clients’ business.  We been involved in model validation across multiple domains and business lines.  We engage with teams that combine a deep knowledge of financial services data and models along with an understanding of your business. We deliver model management, validation and tuning services across the compliance, credit risk, market risk and operational risk domains.

  • Model management & governance
  • Model validation
  • System tuning

Talk to our specialists

Joseph Cataldo

Managing partner

Joseph Buonpastore

Managing partner