Financial crime framework - Waystone

      Financial crime framework

      Supervisory authorities can impose severe penalties on businesses, senior management and individuals that fail to implement proportionate controls to the risks the business face. These penalties apply even if no money laundering has taken place, thereby ensuring that this is an area that every organisation must treat with the utmost importance.

      Our financial crime prevention services can help you adequately manage the associated risks of financial crime in line with regulatory requirements. We can provide you with a tailored service based on the following elements of support:

      • design and implementation of your AML/CTF governance and operational framework
      • preparation of firm-wide AML/CTF risk assessment
      • preparation of sanctions risk assessment
      • AML/CTF policy and procedure creation
      • MLRO advisory retainer
      • ongoing KYC/CDD support
      • SAR reporting framework
      • transaction monitoring support
      • FCA financial crime reporting (REP-CRIM)
      • AML/CTF training.

      Who do we support?

      We have a wide range of clients that rely on us to support them with their AML/CTF obligations. Our consultants work with clients across several industries, meaning we will be able to help you with your AML/CTF requirements, regardless of what sector you are in. We support firms in the following sectors:

      • financial services
      • annex I financial institutions
      • payment services
      • real estate
      • letting agency
      • accountancy
      • gambling
      • legal
      • safe custody service
      • high-value dealers
      • art dealers.

      If you would like to discuss your requirements further, please get in touch using the contact form below.

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      • Bermuda
      • Canada
      • Cayman Islands
      • Hong Kong
      • India
      • Ireland
      • Luxembourg
      • Philippines
      • Singapore
      • Switzerland
      • United Arab Emirates (Dubai)
      • United Arab Emirates (Abu Dhabi)
      • United Kingdom
      • United States