A global securities house asked for help enhancing and streamlining its client on-boarding and AML TM capability and to off-shore certain parts of its AML processing.
Corporate, Wholesale and Investment Banking
CLM Process Efficiency
The bank wished to enhance and streamline its client on-boarding processes, enhance its AML transaction monitoring capability and off-shore certain parts of its AML processing. The scope of this was specifically for the core Capital Markets business, Private Clients, Commodities, Futures and Corporate Banking. At the same time, the bank had to implement major regulatory changes including MiFID and the FSA risk-based approach.
Our client was setting up a new online gaming licensing authority and sought a partner to on-board licensees and to manage the on-going governance and compliance operation.
A major global FTSE-100 financial services firm had one month to shape, scope and plan a 60-project programme of work in response to a Section 166 Skilled Persons Report requested by the Financial Conduct Authority (FCA). The firm also had to deliver all 60 projects over a twelve-month period with sub-deliveries due each month.
A successful regulatory turnaround for a UK EMI and crypto firm, restoring FCA permissions and avoiding administration under new leadership.