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Financial CrimeService

Financial Crime and Fraud Risk

Identify, prevent, and mitigate risks related to financial crimes, including money laundering (AML), terrorist financing (CTF), and fraudulent activity, through controls that meet regulatory expectations and stand up to scrutiny.

Discuss this service How we can help

—Overview

Financial crime risk is where supervisory attention is heaviest and where the consequences of weakness are least forgiving. It is also the area where a control framework is most often assembled from templates and then never calibrated to the institution's actual customer base, products and geographies.

We build financial crime programmes from the risk assessment outward, so that customer due diligence, transaction monitoring thresholds and screening configuration all trace back to a documented rationale. The same discipline applies to fraud: understand the schemes plausible in your environment, then control for those.

—What this covers

  • 01

    Enterprise-wide financial crime risk assessment

    Inherent risk across customers, products, channels and geographies, control effectiveness, and the residual position the board is being asked to accept.

  • 02

    AML/CTF programme design

    Policy, procedures, customer risk rating methodology, CDD and EDD standards, PEP handling and record-keeping.

  • 03

    Transaction monitoring and screening review

    Rule and threshold tuning, above- and below-the-line testing, alert quality analysis, and sanctions and PEP screening configuration review.

  • 04

    Fraud risk assessment and controls

    Scheme-level fraud risk assessment across procurement, payments, payroll and revenue, with preventive and detective control design.

  • 05

    Investigations and forensic support

    Structured investigation of suspected fraud or misconduct, evidence handling, and reporting suitable for disciplinary or legal follow-through.

  • 06

    Training and testing

    Role-specific training for front line, compliance and board, plus independent testing of programme effectiveness.

—How we can help

What a full engagement typically produces. Scope is agreed up front and adjusted to what your organisation actually needs.

  • Enterprise-wide financial crime risk assessment
  • AML/CTF policy and procedures
  • Customer risk rating methodology
  • Transaction monitoring tuning and testing report
  • Sanctions and PEP screening review
  • Fraud risk register and control matrix
  • Investigation reports and evidence files
  • Role-based training programme

—Standards and frameworks

Work is delivered against recognised standards so that findings are defensible to your auditors, your board and your regulator.

FATF 40 RecommendationsQatar AML/CFT LawQFIU reporting (ESTR)COSO/ACFE Fraud Risk Management GuideWolfsberg Group standardsUAE AML/CFT Decree-Law

—Questions we get asked

Our monitoring system generates thousands of alerts. Is that a good sign?
Usually the opposite. High alert volume with low conversion to reports indicates thresholds that were never calibrated, and it buries the alerts that matter. Tuning typically reduces volume substantially while increasing productive output.
Do you handle suspicious transaction reporting on our behalf?
Reporting is a regulated obligation of the institution and its MLRO. We support the analysis, the quality of the underlying file and the decision framework, but the filing sits with you.

—Related

Often delivered alongside

ServiceCorporate Governance AdvisoryGovernance frameworks that give boards clarity on who decides what, and on what basis.ServiceEnterprise Risk ManagementA structured view of what could go wrong, how much of it you are willing to accept, and who owns it.ServiceRegulatory ComplianceKnowing exactly which obligations apply to you, and being able to demonstrate that you meet them.

Talk to us about financial crime and fraud risk.

Tell us what you are trying to resolve. We will tell you honestly whether we are the right firm for it.

Contact us +974 60083300