The complexities made easy
Obtaining regulatory authorisation requires firms to demonstrate, from day one, that their financial crime framework is robust, proportionate and ready to operate. Regulators scrutinise this closely, and weaknesses in financial crime controls remain one of the most common causes of delay, challenge and rejection.
At Kharis & Knoble, we focus on the financial crime component of your application. Working alongside your wider application team or advisers, we help you design, document and evidence the anti-money laundering, counter terrorist financing, sanctions and fraud arrangements that regulators expect, supported by AI enabled tools and regulatory intelligence to improve accuracy, consistency and readiness.
By combining financial crime expertise with technology enabled analysis, we help minimise friction, reduce time to authorisation and improve the quality and defensibility of your application from submission through to approval.
A credible application demonstrates a financial crime framework that is designed for your business, not borrowed from someone else’s. We help you evidence:
◆ A suitably qualified and empowered MLRO
◆ A business wide financial crime risk assessment
◆ A customer risk assessment methodology
◆ Proportionate policies and procedures
◆ Screening and transaction monitoring arrangements
◆ Oversight of outsourced financial crime activities
◆ Governance, reporting and management information
◆ Staff training and awareness
Our Services
01
Before you submit, we assess your proposed financial crime framework against regulatory expectations, identify gaps and provide a clear, prioritised plan to close them. This gives you confidence that your application will withstand regulatory scrutiny.
02
We prepare and refine the financial crime elements of your application pack, including business wide and customer risk assessments, AML, counter terrorist financing, sanctions and fraud policies and procedures, and the financial crime sections of your business plan and regulatory business plan, tailored to your business model and risk profile.
03
We understand what regulators are looking for and help you engage effectively with them on financial crime matters, including drafting responses and managing queries, reducing delays and improving clarity and consistency throughout the assessment.
04
Strategies evolve. Where you plan to vary your permissions, for example to carry on new regulated activities or offer new products, we assess the impact on your financial crime risk profile and help you update your risk assessments, controls and documentation, supported by AI enabled regulatory analysis.
05
For cryptoasset and digital asset businesses, registration and authorisation are heavily focused on financial crime. We help you build and evidence the anti-money laundering, sanctions and Travel Rule arrangements regulators expect, across one or more jurisdictions.
06
Authorisation is the beginning, not the end. We support you after approval to embed your financial crime framework into day to day operations, so that what you committed to in your application is delivered in practice and ongoing compliance is maintained.
Whether you are seeking authorisation in one country or several, Kharis & Knoble can help you get your financial crime framework right first time.
