Case studies
Our close working relationships are at the heart of our service
The client discovered they had some areas that did not meet the FCA and HMRC requirements, and through our recommendations were able to swiftly put in place more robust systems in order to protect their people and business from AML risk.
Anti-money laundering
By providing the client with one main point of contact, our assistance enabled the firm to concentrate its resources on building its business successfully in the UK.
Full service solution
The firm has a better understanding of the AML legislation and supervisory guidance of their sector together with a tailored action plan to implement changes.
AML misunderstanding put right.
Issue
Outcome
Through our audit process we helped the firm establish the root cause of the failings, provided recommendations and worked with them to understand and interpret the legislation in practical terms to assist in strengthening their procedures, systems and controls.
Solution
Misunderstanding of the practicalities of applying the UK AML legislation saw a firm fined by their supervisor for AML failings.
Outcome
We worked with the client to provide a full back-office solution including payroll, international mobility services, management accounts, compliance outsourcing, tax and audit.
Solution
A successful US reinsurance broker was in the process of establishing an insurance intermediary business in London with a small team and some US secondees, and wanted advice on what they would require.
Issue
Outcome
Our review included an assessment of the FCA and HMRC requirements against the firm’s business practices culminating in a written report of our findings together with recommendations.
Solution
A UK Authorised Payment Institution needed a review of its anti-money laundering systems and procedures.
Issue