Business Issue
A global, industry-leading payments institution—operating as a UK-authorised e-money institution—was in an exclusive negotiation period for the $450m+ acquisition of another major global foreign exchange and payments company. To support this transaction, the client required independent assurance on the target’s compliance systems and controls to inform purchase decisions and mitigate potential risks.
Solution
fscom was selected following a competitive tender process, based on our sector-specific knowledge and the absence of conflicts of interest. We designed and delivered a comprehensive multi-jurisdictional audit programme covering five key trading locations. Drawing on our in-house team and a trusted global network of local experts, the scope of the audit addressed the target’s AML/CTF and client money obligations. The findings were presented in five detailed entity-level reports, along with a global framework report summarising risks across the group.
Benefits
The audit provided the client with a clear and detailed view of the target’s compliance posture. Crucial insights enabled informed decision-making regarding valuation and acquisition structuring, and helped shape a robust post-acquisition risk mitigation plan.
Client
Feedback
The client felt well-equipped and confident in progressing the acquisition, valuing fscom’s thorough, risk-focused approach and deep understanding of the regulatory landscape within the FX and payments sector.
