Retail banking brings together different regulatory requirements with challenging complexity and potential overlaps into other sectors. We have worked with compliance functions in major retail banks and building societies, at both a strategic and technical level.
Our team has detailed knowledge of requirements under the Banking Codes, Consumer Credit Act, and Money Laundering Regulations. We are currently working with a challenger bank, helping them to get authorised and in the process learning lots about new ways of doing old things.
The risk of financial crime never goes away and we’ve worked with several clients to get their AML or ABC arrangements fit for purpose – including seconding our staff into banks’ compliance departments and carrying out major deep-dive review work.