Financial Crime Compliance
FTI Consulting’s dedicated Financial Crime Compliance (“FCC”) practice is led, managed, and staffed by FCC practitioners and subject matter experts from the consulting domain. By employing senior professionals, who have designed, implemented, and managed complex FCC programmes at tier-one banks and other organisations, often under direct regulatory scrutiny, FTI Consulting is uniquely placed to offer our clients, as a trusted advisor with deep subject matter expertise, practical, tailored FCC solutions.
Financial crime has a devastating impact on businesses, undermining the development of economies and their stability. Regulators across the globe have looked to the Financial Services (FS) industry to serve as the ‘guardians at the gate’ to fight financial crime. In the face of increasingly active regulators, compliance costs have skyrocketed, but the overall amount of illicit funds laundered remains largely unchanged. To improve compliance, scale operations, and control costs, financial institutions need a tech-enabled cost-effective sustainable solution to mitigate financial crime risks. Using our deep industry knowledge and actionable expertise, FTI Consulting helps our clients make sound decisions about the strategic, operational and technology aspects of their financial crime risk management programmes.
Featured Case Studies
How We Help
AML Compliance
To improve compliance, scale operations, and control costs, financial institutions need a holistic, optimal...
To improve compliance, scale operations, and control costs, financial institutions need a holistic, optimal and sustainable programme to mitigate financial crime risks. We understand the shift our clients need to embark upon to achieve the balance between efficiency and effectiveness. Using our deep industry knowledge and actionable expertise, we help clients make sound decisions about the strategic, operational and technology aspects of their AML & Sanctions risk management programme.
How Can FTI Consulting Help?
FTI Consulting is dedicated to helping organisations manage and execute change management to mitigate sensitive AML & Sanctions risks.- Programme design, development, advisory and implementation
- Programme enhancement, optimisation and effectiveness reviews
- Board-level, key person and staff training
- Conducting regulator-mandated independent reviews and monitorships
- Assisting clients effectively to manage regulator relationships and strategies, and interpreting regulators’ Expectations
- Working with legal advisors in the context of regulatory enforcement or investigations
- Enterprise-wide risk assessments
- Target Operating Model - Design, Recommendation and Implementation
- System implementation, testing and optimisation
- Implementing RPA/AI and other tech enablers
Economic Sanctions
Economic Sanctions are as much a fact of life for modern business as global markets.
Economic Sanctions are as much a fact of life for modern business as global markets. Financial services firms in particular are devoting increasing attention to Economic Sanctions compliance, as they navigate a significantly shifting regulatory landscape in which requirements change rapidly and are often unclear.
How Can FTI Consulting Help?
We help clients who are subject to varying and complex economic sanctions-related requirements effectively manage and reduce their Economic Sanctions risk exposure and improve their ability to meet complex cross border regulatory expectations and requirements. We do this by advising our clients and assisting them develop effective and robustly designed, implemented, optimised and tested Economic Sanctions programmes. We also provide services to respond to and remediate related compliance failures when they occur. We offer a breadth of services to help you respond.
- Programme advisory
- Programme design, implementation, and optimisation
- Independent testing and programme validation/co-sourcing
- Name / Transaction screening model tuning / validation / calibration
- Economic Sanctions monitoring systems implementation / upgrading
- Economic Sanctions risk assessment
- Remediation and investigations
- Target Operating Model - Design, recommendation and implementation
- System implementation, testing and optimisation
- Deploying RPA/AI and other tech enablers
Anti-Bribery Corruption Advisory
Countries are enacting anti-bribery statutes and regulations of increasing complexity, while simultaneously...
How Can FTI Consulting Help?
We offer tailored, holistic solutions that reflect our combined deep industry expertise, experience with complex anti-corruption assignments, and our analytics capabilities. Our global presence also enables us to provide the necessary local knowledge and understanding of all jurisdiction laws, regulations, and cultures to our clients. Our multidisciplinary team works collaboratively with you to:
- Design and implement risk-based compliance programmes
- Perform geopolitical risk assessments and market entry analysis
- Conduct anti-bribery corruption risk assessments
- Train employees on corporate anti-corruption policies and industry best practices
- Third Party due diligence
Fraud Risk Management
Fraud, financial crime and cyber threats have rapidly converged resulting in a much more dynamic threat landscape...
Fraud, financial crime and cyber threats have rapidly converged resulting in a much more dynamic threat landscape and is highlighting cracks in the fundamentals of managing risk, undermining the robustness of the three lines of defence.
Financial crime techniques are adept at exploiting organisational, data, and process silos which can result in many activities being overlooked or misunderstood. This coupled with expanding regulatory expectations, requires institutions to cross functional boundaries and harmonise their monitoring capabilities and knowledge base to better detect and respond to incidents and protect their organisation and customers.
How Can FTI Consulting Help?
We are experts in fraud and financial crime which, when combined with our industry leading financial services and artificial intelligence practices we can deliver operating models and bespoke technology solutions tailored to your needs and unique regional and local risk nuances. The result is a sharper and smarter anti-fraud function that operates effectively and consistently across your businesses and functions, yet still enables a positive client experience. Our services include:
- Fraud Risk programme design, development, and implementation
- Fraud Risk programme enhancement, optimisation, and effectiveness reviews
- Fraud Risk Assessments
- Fraud Response plans
- Digital Transformation including, but not limited to, investigative workflows and reporting mechanisms, scenario/rule-based analytics, and robotics/Artificial Intelligence
- Board-level, key person and staff training
Digital Transformation & Reg-Tech
Financial Institutions today face numerous headwinds that challenge their businesses and ability to operate...
Financial Institutions today face numerous headwinds that challenge their businesses and ability to operate effectively. The need for a robust regulatory technology framework for the purpose of managing complex compliance matters and in parallel, optimising compliance costs, is more critical than ever.
How Can FTI Consulting Help?
We assist clients with implementing and enhancing their existing technology enablers towards optimal monitoring and reporting of financial crime. Our techno-functional and analytics expertise coupled with strategic partnerships with cutting edge technology players enables clients to develop effective compliance, detection, and risk management programmes.
- Financial crime monitoring platform implementation support
- Data integrity and quality assessment by performing business workflow reviews and analytics
- Support around Risk/ rule engine optimisation, validation & calibration
- Embedding robotics/ AI and other emerging tech enablers
- Scenario/rule-based analytics to identify potential red flags and anomalies
Meet Our Experts
Andrew M. Rosini
Senior Managing Director, Leader of Global Risk & Investigations Practice
New York, NY
Stella M. Mendes, CAMS
Senior Managing Director, Leader of Financial Services
New York, NY
Abi-gail Marshman
Senior Managing Director
Dubai, United Arab Emirates
Mark Pulvirenti
Senior Managing Director
Sydney, NSW
Financial Crime Compliance and Managed Services
FTI Consulting's dedicated Financial Crime Compliance (“FCC”) practice is a core component of FTI Consulting's full-service Risk Advisory & Investigations offering.
Next Generation Know Your Customer (KYC)
Conventional KYC is costly, labour-intensive and often inaccurate. Our approach is simple—we pair deep KYC expertise with cutting-edge artificial intelligence, integrating your existing platforms innovating real-time data collection, optimising resources for efficient delivery.
Insights
Switch to an Automated Risk Assessment Experience
The FTI Risk Assessment Platform transforms, enhances and automates current periodic, enterprise-wide risk assessment process, improving both efficiency and effectiveness. The platform is highly customisable and able to address a variety of risk categories, providing an intuitive workflow, along with extensive dashboard reporting.
The FTI Risk Assessment Platform reduces the manual burden on compliance and risk teams, allowing you to focus on analysing and addressing risks.