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CASE STUDIES
Browse our recent case studies from some of the world's global financial institutions. Learn how we work with our clients to develop tailored solutions that deliver immediate impact and lasting results.
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A LESSON IN COMPLIANCE
LOOK-BACK REVIEWS
Our client needed to investigate their historical payments for potential violations of the Office of Foreign Assets Control (OFAC) regulations. Cooperating with the regulators and voluntarily disclosing transactions that violated US sanctions was key to this process. Find out how we assisted in the design and implementation of the voluntary self-disclosure (VSD) process as part of this extensive look-back review.
WHO VALUES THEM?
RISK ASSESSMENTS
The constantly evolving regulatory landscape surrounding financial crime requires financial institutions to evaluate the effectiveness of their systems and controls on an ongoing basis to ensure they remain compliant. Risk Assessments are one element of the financial crime compliance toolkit available to financial institutions which can be used to strengthen their compliance framework. The assessments highlight key risk areas, how well those risks are managed and support a risk-based allocation of resource to the highest risk areas, as well as the establishment of strategic and tactical action plans for managing the identified risks.
ARE YOU MISSING SOMETHING?
SANCTIONS FILTERING
Our client sends and receives hundreds of thousands of messages everyday, so how do they know the right ones are filtered? We demonstrated that their systems and processes were filtering the correct messages against relevant sanctions lists, in line with their global sanctions policy.
NO HIDING PLACE
TRADE-BASED FINANCIAL CRIME
Trade finance is a high volume, high risk business involving multiple parties from numerous territories. Violations of trade embargoes and trade sanctions are punishable by imprisonment and high fines. Find out how we provided an independent assessment of trade finance sanctions screening procedures against a global sanction policy, along with a review of the design effectiveness of implemented sanctions screening controls.
ON THE FRONT LINE
STAFF RESOURCING
We offer a flexible pool of skilled professionals, working in partnership with your existing team to support your business. This can be either in a standalone capability, or integrating into your wider business functions. Our strength lies in our flexibility and ability to scale to your exact requirements Find out how we provided valuable Financial Crime resources to support our client in a multi-jurisdictional thematic review, along with an experienced Project Manager to run the project office.
MAKING SURE CUSTOMERS BEHAVE
CONTROLS TESTING
Financial services companies face a growing challenge in complying with sanctions regimes. Failure in this area has already cost major banks hundreds of millions of dollars, and regulators are pressing ahead with new powers and initiatives. Find out how we designed and implemented a compliance testing and monitoring process for resubmitted payments to allow our client to identify potential compliance issues.
THE HIDDEN RISKS OF TRADE FINANCE
CIRCUMVENTION DETECTION
Companies operating internationally need to be aware of sanctions regimes and how to comply with them. Trade sanctions prohibit trade in certain goods from affected countries, usually arms and commodities such as oil, timber, gold and diamonds; and equipment for use in the nuclear, oil and gas or petrochemical sector. Activities related to such trade may be prohibited. Breach of trade sanctions law is a criminal offence punishable by imprisonment, a fine or both. Find out how we investigated whether customers were attempting to circumvent sanctions legislation for this global bank.
BEFORE THE DAMAGE IS DONE
BIG DATA & ADVANCED ANALYTICS
The application and use of financial crime analytics is widespread, ranging from risk assessment and detection engines to investigative tools and reporting, allowing institutions to better quantify and categorise their risk exposure, assess the effectiveness of their financial crime programs, and detect and deter criminal behaviour. Find out how we use big data and other analytical techniques to help our clients detect patterns of behaviour that could point to fraud and financial crime activities.
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