Financial Crime & AML

The transposition of the fourth European Money Laundering Directive into UK Law coupled with the introduction of the Criminal Finances Act 2017, suggests that preventing financial crime and related offences must remain a priority issue for regulated firms.

The FCA has been explicit in its intention to focus on financial crime and anti-money laundering practices.  Firms will be expected to have effective systems and controls in place to mitigate financial crime risk. The negative impact of financial crime 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 supports organisations to put in place effective policies, procedures, systems and controls. In addition, RFS has the capability to assist or lead on internal investigations, trace assets and 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)
  • Treatment of PEPs
  • Anti-Bribery & Corruption
  • Fraud
  • Market Abuse
  • Data & Information Security
  • Counter-Terrorist Financing/Sanctions

> Click here to visit the RFS financial crime website

Contact us

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