Redesigning a Major European Regulator’s AML/CFT Supervision in Line With International Best Practice
May 12, 2022
A major European regulator had faced criticism of their AML/CFT supervision from supranational authorities and engaged our team to provide an expert view on how to leverage best practice without incurring a disproportionate level of cost.
Our team redesigned their overall approach to supervision, including a new handbook for all inspection types and a data-driven dashboard for identifying both thematic areas of concern as well as specific institutions.
Our team introduced the client to multiple regulators on three continents, to leverage best practice from as many sources as possible. We created an inspection handbook designed to allow relatively junior staff to assess even a major financial institution effectively. We led the development and implementation of a data-driven scoreboard to drive and prioritise the client’s supervision over a multi-year horizon.