We recommend firms review the risk assessment and utilise the contents to further their own understanding of risk and in turn enhance their own systems and controls.

How many of these six FCA expectations for trade finance are you failing on?

July 2021 marked the 10-year anniversary of the UK Bribery Act (the Act) coming into force. There has been no shortage of commentary on the number of enforcements in the last decade (99 if you are just interested in the stats). But what has actually happened in the financial services/regulated sector in that time?

Avyse Partners have successfully completed their application to join Hellios FSQS.

Following on from Part 1, we now focus on why the issues hadn’t been resolved already; the wider impacts of regulatory intervention; and a conclusion around the effectiveness of such reviews.

Regulatory intervention, such as skilled person reviews or court appointed monitors are time consuming and costly tools used with increasing frequency by regulatory bodies. We share our insights on why and what firms can do to minimise the impacts.

A new Dear CEO letter from the FCA, the same old AML failings

Does your financial crime risk assessment have sufficient links to your customer risk assessment?

You should periodically review your periodic review process

As this is the most substantial piece of US financial crime legislation in the last 20 years, what should banks in both the US and overseas be doing now to prepare?

Thank you to the FCA for the endorsement of our focus on purpose.

Welcome to Avyse Partners. Let’s get to know the basics.