Financial crime


Financial Crime

Financial crime, including anti- money laundering (AML) and counter terrorist financing (CTF), continues to present significant and immediate risks to firms across the financial services sector. The Financial Conduct Authority (FCA) emphasises the critical importance of robust governance, effective risk procedures, and internal control mechanisms in managing these risks. Firms must ensure they have these foundational elements in place as a minimum requirement to safeguard against financial crime.

Specific regulatory requirements pertain to Customer Due Diligence (CDD) and Know Your Customer (KYC), transaction monitoring, reporting Suspicious Activity Reports (SARs), managing fraud risks, and preventing bribery and corruption. The evolving technology used by criminals underscores the necessity for firms to implement robust preventative measures and monitoring systems.

Complyport is a leading compliance and regulatory consultancy in the City, serving financial services firms for over two decades. With our international reach and sector-specific expertise, we are uniquely positioned to understand and address the diverse challenges posed by Financial Crime. Our Financial Crime Unit comprises world-leading specialists in the field, supported by over a vast team of KYC/AML/EDD specialists who bring extensive experience to every project.

Our highly experienced financial crime professionals and consultants specialise in areas such as anti-money laundering, counter terrorist financing, anti-bribery and corruption, and fraud. We regularly assist our clients in navigating the complexities of the financial crime and money laundering landscape.

Whether you are an established firm seeking guidance, a start-up in need of advice, or require temporary resources or assistance, we are here to support you. Feel free to reach out to us for expert consultation and tailored solutions to meet your financial crime compliance needs.

AML/CTF Reviews

At Complyport, we offer comprehensive assessments of your Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls and risk framework. Our approach involves evaluating your current practices against legal and regulatory standards, industry best practices, and your firm’s internal risk appetite, policies, and procedures.

Through this review and health check process, our expert team will identify areas that require improvement and recommend specific remediation actions. We provide clear and actionable feedback, ensuring that your AML and CTF measures are aligned with the latest requirements and tailored to your unique business context.

Our goal is to assist your firm in enhancing its AML and CTF defenses, promoting compliance, and mitigating financial crime risks effectively. Contact us today to schedule a consultation and strengthen your anti-financial crime framework.

Financial Crime Assurance Reviews
Our team is able to assist your firm in developing and implementing robust and proven financial crime prevention controls and frameworks.

With our tried and tested support, our team can help your firm effectively mitigate the adverse effects of internal and external financial crime activity.

Fraud Prevention
Whether internal, external or collusive in nature, the Fraud Act 2006 introduced specific offences relating to fraud, such as:
  • false representation
  • failing to disclose information when it should be disclosed
  • abuse of a position of trust
  • making or being in possession of articles intended for use in fraud

With fraud not only being an offence in its own right, but also a predicate offence to money laundering, it presents a dual risk to firms, if permitted to go unchecked.

Complyport can help your firm mitigate these risks by the implementation of effective fraud prevention policies and procedures, a review of your fraud prevention controls, or training of your staff.

Financial CRIME Training

In addition to conducting comprehensive reviews and updates of your FinCrime policies, procedures, systems, and controls, we offer engaging workshop training sessions tailored to your needs. Our workshops are typically delivered via live video to accommodate the shift towards hybrid work environments, but we also offer in-person sessions upon request.

Live workshops are key to enhancing staff knowledge retention. They allow participants to interact directly with the trainer, posing questions that are specific to their roles and responsibilities.

For organizations with unique training needs, we’re happy to create bespoke workshops on any FinCrime-related topic. We’ll collaborate with you to develop a session that addresses your specific challenges and objectives.

If you’re interested in further discussing how our training programs can benefit your team, please reach out. We’re here to support your FinCrime education needs.

How can we help?

Our extensive experience and expertise across financial crime prevention can help protect your firm and your customers. The experience within Complyport’s team enables us to help you develop and understand the holistic approach to financial crime risk management, which is an essential tool required in today’s armoury to help counter the risk of financial crime.

The importance of countering financial crime risks has been highlighted by the FCA’s Financial Crime Guide (FCG), stating that all firms must take steps to defend themselves against financial crime, with effective systems and controls to detect, prevent and deter.

Complyport offer a range of services to ensure your firm remains protected against financial crime, and compliant with ever evolving legal and regulatory frameworks. From conducting audits to training employees, our Financial Crime and Forensics Unit offer a variety of services, all of which can be tailored to your firm, to help meet your needs and requirements to safeguard your firm.

COntact us for assistance

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