Bank – Financial Crime

  • Posted on: 29 March 2018

Our client is a newly authorised Clearing Bank and has gained access to all seven regulated payment systems. A central part of their strategy is to ensure they have implemented a robust Financial Crime Risk (FCR) Management Framework, which clearly defines their risk appetite and mitigating controls and offers appropriate transparency to all primary stakeholders, including the Bank’s Board and regulators.

Compliancy Services helped the Bank define its risk appetite, draw up appropriate supporting policies and procedures, define relevant management information and overall construct a FCR Management Framework considered fit for purpose. We are retained ongoing to carry out Enhanced Due Diligence on selected clients and oversee the implementation of the FCR Management Framework.

Learn more