Business Issue
Global investment management firm was leading a $220 million Series E investment into a US-based remittance company. As part of the transaction, the firm required a detailed, practical, and operational assessment of three key areas: financial crime controls, foreign exchange pricing, and client money arrangements. A critical requirement for their advisory partner was deep industry knowledge to effectively benchmark findings and assess potential impact.
Solution
fscom was appointed as the sole advisory firm to lead the regulatory due diligence workstream. We deployed a multidisciplinary team of subject matter experts with regional experience and deep technical knowledge of the remittance and FX sectors. Over a two-week onsite engagement at the remittance company’s US headquarters, we assessed systems and controls, identified material issues, recommended remediation actions, estimated the associated costs, and provided insight into likely regulatory perspectives. Our report also benchmarked the findings against industry best practice to offer practical and credible remediation guidance.
Benefits
Our work enabled the investment management firm to make an informed investment decision, with full visibility of the key operational and regulatory risks and the roadmap to address them. The due diligence provided not only assurance but also clear, actionable steps that aligned with regulatory expectations and industry standards.
Client
Feedback
The investment management firm valued fscom’s deep domain expertise, efficiency, and pragmatic approach. The insights and recommendations delivered were instrumental in supporting a confident and successful investment of $135 million into the remittance company as part of the overall fundraise.
