End to End Financial Crime Infrastructure
At the forefront of regulations for financial crime prevention and fraud
Financial crime including fraud, money laundering, terrorist and proliferation financing, bribery and corruption and sanctions continues to present significant risks to the global financial system. These threats whether detected or undetected are increasingly sophisticated, cross border and costly. Risks for fintechs, banks, payment firms and crypto and digital asset businesses arise from multiple factors including vulnerabilities associated with automation, digitisation and blockchain based ecosystems, rapidly increasing transaction volumes and the growing interconnectedness of financial systems across jurisdictions. Organised criminal networks are heavily involved and the movement of funds frequently spans multiple countries, making investigations, asset recovery and enforcement actions significantly more complex.
At the same time regulators continue to strengthen expectations in response to money laundering, sanctions evasion, proliferation financing and wider financial crime risks. Firms are expected to demonstrate effective governance, operational resilience, robust systems and controls and comprehensive risk based financial crime frameworks that can adapt to an evolving regulatory and threat landscape. Traditional approaches are no longer sufficient to address the scale, speed and complexity of emerging threats. Businesses must therefore adopt innovative and AI enabled solutions that strengthen financial crime controls whilst supporting sustainable growth, operational efficiency and regulatory compliance.
This is where Kharis & Knoble delivers value. Through deep domain expertise and practical industry experience, we help fintechs, payment firms, crypto and digital asset businesses and financial institutions design, implement and enhance end to end financial crime infrastructure. This includes governance, business wide risk assessments, customer risk assessments, customer due diligence and enhanced due diligence, sanctions and transaction screening, transaction monitoring, Travel Rule compliance, suspicious activity reporting, periodic review frameworks, operational resilience, outsourcing oversight, financial crime systems and controls, regulatory remediation and enterprise wide compliance operating models tailored to complex and rapidly evolving environments.
Trust in our expertise
Here is how we can help
Health Check
We can do a root and branch review of your financial crime systems and controls against regulatory requirements, perform a gap analysis and recommend a plan of action. We can also conduct interviews with key personnel and complete file reviews to ensure end to end alignment of your systems and controls, supported by AI enabled insights where appropriate.
Policies and Procedures
Policies and procedures are the lifeline of any organisation. We can help you review and assess your policies and procedures to ensure they are fit for purpose, and, if necessary, work with you to enhance them based on current practice in line with regulatory requirements and expectations, using AI enabled insights where appropriate, whilst tailoring them to your business.
Training and Education
The acquisition of knowledge and skills to deal with financial crime is imperative in the fight against it. We can work with you to design a robust training and education programme, including AI informed learning approaches, and train relevant key personnel to ensure a thorough understanding of emerging financial crime risks and controls within your firm.
Businesswide Risk Assessment
We will work with you to understand your risk appetite vis-à-vis your client base, jurisdictional footprint, products and services and overall organisational risk exposure with the view to enhancing your risk appetite statement or building one from scratch if you do not have one. Following this, we can develop a comprehensive financial crime business wide risk assessment using AI enabled analysis where appropriate. These will help you to demonstrate that you understand and actively manage your financial crime risks.
Regulatory Visits
Notice of a regulatory visit immediately focuses senior management on its compliance responsibilities and preparation for such a visit, which must be tailored and proportionate. At Kharis & Knoble, we can help prepare using AI enabled analysis to demonstrate to the regulator that you have met the highest regulatory standards in all your business activities. We can advise on strengths and weaknesses and provide a clear plan that gives you and the regulator confidence whilst minimising impact on business as usual.
Robust Governance
At Kharis & Knoble we recognise that environmental, social and governance (ESG) issues are increasingly relevant in managing risk. We will work with you to understand emerging risks in this regard, including AI enabled risk insights where appropriate, as well as reviewing reporting lines and flow of information across your organisation to ensure clear communication between relevant key personnel and the Board. In addition, we will review and ensure an integrated approach to financial crime across responsible departments.
Whether you need help with a specific area or ongoing support with financial crime prevention, Kharis & Knoble can help. Speak to one of our experts today! Contact us