Anti-Money Laundering Technology Services
Data & Analytics – Complexity Resolved
Regulatory enforcement actions are putting the financial services industry on notice that anti-money laundering (“AML”) compliance is a leading enforcement priority. This renewed focus, and the increasingly complex technology challenges associated with meeting the new requirements, are straining compliance programs, staff, and technology resources.
Alongside this trend, other institutions such as fintech companies and the local branches of international banks are increasingly being scrutinised by the authorities. In some cases institutions have been banned from entering new business sectors by the authorities until they comply with regulations in their existing operations.
The growing challenge for chief compliance officers
Banks and, in particular, their chief compliance officers, therefore need to improve and extend their AML capabilities. However the cost of implementing a surveillance system across new sectors and new businesses is expensive and often simply not feasible.
The FTI Consulting Approach
A strong technical and operational capability. FTI Consulting brings together a strong technical and operational capability born out of many years of reviews and investigations of fraud, risk and compliance issues. We work with clients to combine this expert technical and subject matter knowledge with proactive monitoring to avoid problems being repeated.
A variety of expertise. FTI Consulting can call on experts from a variety of disciplines and business areas, including banks, regulators and solution providers. We offer a leveraged model of expertise using analytics.