Regulated businesses such as banks, insurance companies, asset managers, law and accounting firms must have in place appropriate systems and controls to detect and prevent the risk of financial crime occurring within their organisation.
RFS’ financial crime prevention health check benchmarks an organisation against its peer group as well as the regulatory / supervisory and legal expectations.
We look at financial crime holistically and our health check covers exposures in relation to money laundering, terrorism financing, fraud, bribery, corruption, market abuse, data governance and cybercrime across business units, sectors and borders.
RFS has developed a robust and consistent scorecard based approach which will provide your organisation with a prioritised heat map for any identified weaknesses or deficiencies in the following areas:
- Senior management responsibilities, accountability and apportionment
- MLRO report, policies and procedures
- Internal and external audit reports
- The firm wide training strategy and training content.