The changing landscape of financial crime regulation services presents new challenges to businesses to guard against being used as a conduit for financial crime. The cost to the global economy is great, and as such, financial crime continues to be a top priority for regulators around the world.
To meet these challenges there are a whole host of complex regulations that place requirements on businesses to mitigate against the risk.
Unfortunately the implementation of procedures within firms is often inadequate and cumbersome, attracting penalties and negative publicity.
Complyport is regularly consulted to help firms meet these challenges and provide practical and thoughtful solutions to combat the risks of breaching financial crime regulations.
Please contact us on +44 (0)20 7399 4980 today for more information.
Our consultants are happy to assist in a number of areas:
Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) continue to be a focal point for regulators across the globe. The risks of getting it wrong are great, with breaches being punished severely.
The risks associated with data protection and security should not be overlooked. Breaches can attract large fines and criminal prosecutions, as well as negative publicity that can lead to a great deal of commercial embarrassment.
The UK’s Market Abuse Regime is continuously evolving through new legislation and case law, with the European Union’s Market Abuse Regulation due to take effect in July 2016. We regularly assist with market abuse issues.
Ethics and integrity are vital to any firm operating in the financial services industry. It is essential that firms are able to effectively implement and communicate their commitment to Anti-Bribery and Corruption (ABC).