Financial Crime & AML

International standards continue to evolve with the fourth European Money Laundering Directive being transposed into UK law in 2017, regardless of Brexit. Additionally the Criminal Finances Act 2017 and the renewed interest in expanding the S7 offence of the Bribery Act, suggests that financial crime will remain a priority issue for regulated firms.

The FCA has been very clear that it will increase its focus on financial crime. Going forward firms will be expected to have effective systems and controls in place to mitigate financial crime risks. The negative impact financial crime has on the FCA’s core objectives makes it more likely that the regulator will use its powers of supervision and enforcement to bring about effective change. This includes powers under the Senior Managers Regime to ensure that senior executives demonstrate appropriate governance and accountability.

RFS has a specialist team that helps organisations put in place effective policies, procedures, systems and controls. In addition RFS has the capability to assist or lead on internal investigations, trace assets or implement remedial programmes.

What we offer

  • Assistance with the determination of risk-based strategies
  • Risk assessment and writing policies and procedures for new operations/products and services
  • Board/senior management briefings
  • Design and delivery of tailored training and assessment strategies
  • The preparation of tailored policy and procedures manuals and handbooks
  • Health checks, gap analysis and audit reviews to ensure ongoing, satisfactory compliance
  • Specific advice and guidance in respect of know your customer requirements
  • Guidance on remediation work for customer due diligence
  • Leading or supporting internal financial crime investigations
  • International asset tracing services
  • Advising on appropriate and cost effective transaction monitoring systems
  • Acting as expert adviser and expert witness in respect of court cases
  • Remedial and transformational support; pre and post regulatory intervention

Core areas of expertise

  • Anti-Money Laundering (AML)/ PEPs
  • Anti-Bribery & Corruption
  • Fraud
  • Market Abuse
  • Data & Information Security
  • Terrorism Financing/Sanctions

> Click here to visit the RFS financial crime website

Contact us

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