A number of risk factors are driving an increase in the need to address financial crime across the financial services sector.

GRT’s goal is to stay one step ahead of these challenges by utilising our subject matter experts who can provide practical and cost effective solutions for our clients.  Our experienced consultants include ex-MLROs and Heads of Financial Crime with extensive remediation, systems implementation and S166 expertise.

If you wish to discuss how we may support your Anti-Money Laundering / Financial Crime requirements, please contact Ayaz Siddiqui (asiddiqui@grtconsult.com).

Data Analytics

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.

GRT Role

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.

Regulatory Remediation

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.

GRT Role

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.

Special Investigations

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.

GRT Role

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.

GRT Consulting

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T: +44 20 3695 9251

E: info@grtconsult.com

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