Skilled Person Review of a UK Bank’s Financial Crime Remediation
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August 03, 2026
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The Financial Conduct Authority (“FCA”) appointed FTI Consulting as the independent Skilled Person to evaluate the quality of a UK bank’s financial crime improvement efforts, including a recently completed multi-year, multi-vendor remediation programme and its existing business-as-usual anti-money laundering (“AML”) controls framework. Following the successful resolution of vital compliance issues, the client was able to further its growth agenda.
Our Impact
- The bank and the FCA gained clear conclusions and actionable insights across controls, processes and technology enablers from FTI Consulting’s comprehensive final report and financial crime capability assessment.
- As a result of FTI Consulting’s findings and improvement recommendations, the bank was equipped to pursue its growth agenda with greater confidence in the robustness of its financial crime controls framework.
Our Role
- FTI Consulting conducted extensive documentation reviews and stakeholder interviews, testing a sample of 320 customer files across both phases of the engagement to gain a clear view of how effective the client’s know your customer framework was in practice and where enhancements were needed.
- FTI Consulting evaluated the design, operational effectiveness and compliance of the bank’s customer risk assessment and due diligence processes, identifying governance, oversight and the overall robustness of the remediation efforts as areas for improvement.
- FTI Consulting delivered a set of targeted and practical improvement recommendations and subsequently assessed the effectiveness of the bank’s implementation of those recommendations.
Published
August 03, 2026
Key Contacts
Senior Managing Director, EMEA Head of Financial Services, Forensic & Litigation Consulting
Senior Managing Director