A risk-based financial crime framework is a necessary foundation for regulated financial services firms to meet their obligations. Ensuring a robust framework prevents unwanted regulatory scrutiny, reputational damage and protects your institution and customers from financial crime.
Our experts have designed financial crime frameworks and built suites of financial crime policies and procedures for a portfolio of global clients.
Our extensive experience in undertaking gap analysis of existing policies and procedures against global regulations has helped clients identify and subsequently mitigate risks. We can assist in the design and application of new frameworks to ensure and demonstrate wide-spread implementation and adherence across the organisation, whilst minimising the impact on commercial activity and BAU resource.
We lead and manage group-wide consultations on target operating models (TOM) suitably matched to your organisation’s risk appetite and objectives, as well as the development of financial crime policies and procedures; Overseeing the embedding of newly designed operating frameworks and ensuring sustainability, appropriate governance and alignment of responsibility (RACI)
Our expertise includes developing group-wide desktop processes, compliance procedures, first line and second line operational toolkits
We implement structured feedback loops for continuous improvement
We communicate clearly and succinctly with senior stakeholders, including progress reporting and presenting to C-suite level personnel
We restructure specific process flows, mapping current processes and redesign the target state process
Our experts constructively engage with regulatory requests as part of thematic reviews
Our experts constructively engage with regulatory requests as part of thematic reviews
We undertake thorough reviews assessing a business’s risks and effectiveness of their mitigation framework
Our Subject Matter Experts deliver targeted training to help teams adapt to new processes, procedures and technologies
Our approach involves a multifaceted strategy, which chiefly focuses on strengthening governance structures and emphasises the importance of proactive compliance culture. We conduct thorough risk assessments, implement risk mitigation strategies and assess the overall effectiveness of the financial crime framework. By executing a holistic and adaptive approach, we help clients develop a robust financial crime framework.
Contact us at compliance.info@mercore.com or fill out the form below and we’ll have one of our specialists reach out to you as soon as possible.
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