A global client in the investment sector wanted to deliver a QA programme that would help to mitigate the risk of not meeting regulatory and contractual AML standards – particularly their obligations to the Federal Reserve Bank of New York. They asked experts from fscom to use their deep regulatory experience to carry out this critical task.
Our specialists did this in six clear phases. They started by laying the foundations and designing the programme; then implemented and validated an effective QA solution; and finally transitioned the programme to the client. The outcome was that the firm’s AML standards were enhanced, and they could feel assured that their first- and second-line AML processers were robust. The client found fscom’s contribution “invaluable”.
