Financial crime

As we rely more heavily on technology and the internet, the probability and severity of financial crime continues to increase. In fact, financial crime has become firmly established as one of the largest threats to financial institutions. Its impact is more than monetary: Financial crime can cause serious reputational damage that adversely affects growth and customer retention. In response, governments have taken a larger role, increasing regulations and sanctions in recent years.

Financial services institutions have no choice but to respond effectively. That means taking proactive steps in the selection and onboarding of clients. It also requires developing strong enterprise-wide infrastructure, processes, procedures, policies and governance. The goal of preventing internal and external exposure to the immense risks of financial crime must stay front-of-mind at all times.

In pursuit of practical responses, institutions are partnering with vendors. Their objectives are to deploy solutions that increase the effectiveness of risk management and crime prevention functions and to build solutions in-house that are tailored to the needs of the institution. Capco can play a central role in this endeavor.

Capco has built a strong capability across target operating model, program management, delivery, implementation and remediation. Our expertise spans the full range of financial crime prevention, most notably anti-money laundering (AML), sanctions transaction monitoring, Know Your Client (KYC), transaction monitoring alert analysis and review, suspicious activity report (SAR) drafting, customer due diligence (CDD), enhanced due diligence (EDD), OFAC testing and fraud.

We have proven experience successfully delivering global and domestic programs and supporting our clients in meeting regulatory requirements. Benefit from the experience of former state and federal regulatory examiners and BSA/AML officers from foreign and domestic financial institutions, who can provide all types of AML services, such as risk assessments, program review and enhancements, rules tuning and optimization, and model validations. Capco has performed look-back reviews and acquired experience in successfully remediating regulatory enforcement actions. In short, Capco helps clients build a strong and reliable operating model to tackle the serious challenges posed by financial crime.


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