Finance, Risk and Compliance

Financial Crime

With a sustained political and regulatory focus on Financial Crime (FC), how firms comply with increasing volumes of legislation and regulation will continue to be heavily scrutinised. Across financial services, investment by firms in FC compliance continues to drive up standards and adds further complexity to an already dynamic marketplace. Failure to keep pace with regulators’ expectations, and market standards, risks significant regulatory intervention. The impact of which extends beyond the immediate financial effect through to longer-term financial and reputational costs. The stakes are high.
 
However, in the current environment, the cost of compliance is also under scrutiny. Enhanced funding and more resource will not necessarily ensure better compliance. Firms’ FC controls need to be robust, yet proportionate, effective yet cost - efficient. Complexity can drive opportunity.
 
 
Our Financial Crime team can help our clients navigate across this complex and dynamic environment. From control design to optimisation, we can supplement our clients’ FC capability with our deep FC expertise:
  • We work with our clients to understand their FC risks and recognise that each client has a unique risk profile and appetite
  • We design our response accordingly to ensure we develop robust yet proportionate solutions – from client risk assessment methodologies to FC health checks, from the development of management information frameworks to the design of training programmes
  • We can identify and implement revised operating models, automation and transformation opportunities as firms look to optimise their FC control effectiveness and explore potential efficiencies. 
Contact:
enquiries@baringa.com

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