Business Issue
A newly established cryptocurrency exchange and EMI agent based in the UK needed to develop a comprehensive suite of financial crime policies and procedures that were tailored to their specific business model and associated risks. The client required expert assistance to ensure compliance with regulatory obligations while adopting industry best practices.
Solution
fscom initiated the project by holding an initial meeting with the client to gain a thorough understanding of their business model and specific risk exposures. Based on this, we helped tailor a set of financial crime policies and procedures to meet the unique needs of their business and ensure regulatory compliance.
Benefits
The client received a fully tailored suite of anti-money laundering (AML) policies and procedural documentation that adhered to the latest financial regulations. As a result, the client is now equipped to identify and mitigate AML risks effectively and operate with up-to-date, industry-standard policies.
Client
Feedback
The client was satisfied with the tailored policies and procedures provided by fscom, which not only ensured compliance with regulatory requirements but also equipped them with the tools needed to manage financial crime risks effectively.
