Financial Crime Services

We work with a wide range of firms

We assist firms as part of their interaction with regulators - in particular in relation to Financial Crime. We have helped firms to prepare for regulatory visits, enhance their AML/CFT controls, conduct remediation of client files, respond to regulatory challenges and mitigate adverse findings. We have assisted some of the largest insurance companies across the globe to understand their operations, challenges and applicability of regulation, across multiple jurisdictions.

We understand the need for proportionality and a pragmatic approach when designing controls.

We work for regulators

We work for regulators, providing an outsourced capability for regulatory and enforcement inspections across the financial services sector. For example, for one European regulator, we have conducted AML/CFT visits for over 20 insurance firms.

We build national capacity and draft legislation and regulation

We work internationally (amongst others, through the European Commission) to educate entire countries on how to interpret and apply financial crime regulation in practice, building and enhancing national AML/CFT frameworks. For example, we have recently trained representatives of regulators, competent authorities and major financial institutions in South Africa, as to how to interpret beneficial ownership requirements and how to integrate them into the process of customer due diligence. We have also drafted laws, regulation and supervisory handbooks for a number of regulators.

We understand regulatory requirements not just as they are today but also in their evolution. The advice and support we provide is not only pragmatic, but future proof too.