An effective financial crime framework should ensure that senior management is informed of where risk is in the business, the nature of controls in place, assurance based reporting on the effectiveness of such controls and importantly, the arrangements in place to identify new/emerging risk, to reduce the likelihood of a firm falling victim to an inadequate control framework.

We can advise on how to set up an effective financial crime framework. We also assist in managing relationships with regulators when identifying, preventing and responding to financial crime risk in the operating environment; this may include assessing content and coverage of systems and controls for financial crime.