Get in Touch
T: +44 20 3695 9251
E: info@grtconsult.com
71-75 Shelton Street Covent Garden, London, WC2H 9JQ
Get in Touch
T: +44 20 3695 9251
E: info@grtconsult.com
71-75 Shelton Street Covent Garden, London, WC2H 9JQ
As part of a global remediation, a tier 1 bank required 62 countries to submit multiple financial crime attestations to Compliance. This process was inconsistent, labour intensive, inefficient and siloed.
Our senior consultant evaluated the existing process and identified multiple areas for improvement. He then re-engineered the evaluation methodology incorporating “Tableau” Infographics. As a result, the process was significantly imporved with clear MI reporting to senior management on a timely basis allowing for more efficient reporting to the external regulator.
Challenger bank with high risk customers with weak controls resulting in close scrutiny by the regulators. This had also affected the relationships between Compliance and the Board / business.
Acting as a head of compliance and MLRO, our consultant managed to transform the compliance framework within 6 months. The new operating model was appoved by the regulators and also resulted in a fundemental change in corporate culture where Compliance was at the centre of the firm’s business model.
A large Japanese London based bank needed help with the implementation of the Criminal Finance Act 2017. The client was unaware of the scope and applicability to its business.
Our senior consultant working closely with the client’s finance, legal and compliance teams performed a risk assessment of the bank’s business model as required by the CFA 2017. Working closely with the HMRC, he provided a detailed report with some gaps identified and recommendations for remediation.
After a major skilled-person remediation, a UK wealth and investment manager needed evidence the new financial crime framework was operating, not only designed.
Our financial crime director led a post-implementation audit of operating effectiveness. The review tested business-wide risk assessments, customer risk assessments for enhanced due diligence clients, PEP registers, anti-bribery and corruption policy, and the governance that sits over them, against current FCA guidance on sanctions, proliferation financing, transaction monitoring, cryptoassets and Consumer Duty.
Our experienced consultants delivered an independent view of where the framework would hold under supervisory scrutiny, and where it would not, written for the board.
A UK wealth and investment platform needed a full-scope view of whether AML, ABC, CDD and ongoing monitoring worked as one framework.
Our subject matter experts delivered a full-scope audit covering AML controls, anti-bribery and corruption, risk-assessment methodology, customer due diligence and ongoing monitoring.
Our experienced consultants delivered practical recommendations on governance and control design, ordered by what would change the firm’s regulatory position.
Investment banks under FCA wholesale supervision are examined on financial crime together with market conduct, product governance and trading controls.
Our financial crime practice is led by a director who, as a special adviser in the FCA’s wholesale banking team, led deep-dive assessments across seven investment banks, three of them tier 1. That work covered rogue-trader and independent price verification controls, market conduct, product mis-selling, LIBOR oversight and financial crime frameworks.
Our consultants apply that supervisory lens on client programmes: what the FCA actually tests, not what a policy pack claims.
As part of a global remediation, a tier 1 bank needed 62 countries to submit financial crime attestations to Compliance. The process was inconsistent, labour intensive and siloed.
Our senior consultant evaluated the existing process, then re-engineered the evaluation methodology with Tableau infographics.
Our experienced consultants delivered clearer management information, on a timely basis, and more efficient reporting to the external regulator.
A challenger bank with high-risk customers and weak controls was under close regulatory scrutiny. That had also damaged the relationship between Compliance and the board.
Acting as head of compliance and MLRO, our consultant rebuilt the compliance framework within six months.
The new operating model was approved by the regulators and put Compliance at the centre of the firm’s business model.
A large Japanese, London-based bank needed help implementing the Criminal Finances Act 2017. The firm was not clear on the scope or how it applied to its business.
Working with finance, legal and compliance, our senior consultant performed the risk assessment of the bank’s business model required by the Act, and worked with HMRC on the findings.
Our experienced consultant delivered a detailed report of gaps and recommendations for remediation.