Financial Crime Prevention
Financial service providers are at the forefront of the fight against terrorism and financial crime, as well as being employed to prevent the flow of money to individuals or countries who are the subject of sanctions imposed by the international community.
Preventing the flow of money to terrorists, drug barons and financial fraudsters is the responsibility of everyone employed in financial services. The rules are designed to ensure that all firms put in place robust procedures and controls to identify and prevent money laundering taking place, to identify and prevent bribery and corruption, and to ensure that they do not facilitate sanctions breaches. Organisations are required to ensure that all staff are aware of the importance of these controls and how to implement them.
Enforcement agencies are backed by substantial resources and can impose severe penalties on businesses, senior management and individuals that are found to lack the necessary controls or to adhere to them. These 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 support services include:
- policies and procedures reviews
- sanctions compliance
- Anti-Money Laundering (AML)
- client file reviews
- Anti-Bribery and Corruption (ABC)
- MLRO Reporting
- financial crime risk assessment.