MITIGATE RISK, FOSTER COMPLIANCE, ENABLE STRATEGY
Core Risk Advisory specializes in Mitigating Risk related to AML, Financial Crime Compliance and Regulatory Compliance in the Financial Industry. Working with Private Banks, Asset Management First and Family Offices, we leverage our extensive knowledge in Compliance Functions and Controls, supported by keen appreciation and know-how in leading enabling technology FinTech and RegTech solutions, we help achieve Operational Excellence in Compliance. See our services below.
CORE RISK ADVISORY FOCUS AREAS
AUTOMATION WITH FINTECH
To mitigate factors that facilitate financial abuse, institutions assume the burden of implementing costly AML and Cross Border regulatory controls and provisions. FinTech Solutions support these efforts reducing costs and increasing efficiency.
Core Risk Advisory supports organizations to institutionalize these solutions with necessary upfront evaluation and organizational readiness focusing on people, process and technology to ensure successful implementation, optimization and adoption.
FINANCIAL CRIME COMPLIANCE AND REGULATORY COMPLIANCE TRANSFORMATION ADVISORY
The Financial Industry has endured much in the last decade - regulatory scrutiny, new stringent mandates, political and social unrest and economic instability. As financial institutions struggle to implement strict "Change the Bank" policies and measures, while pursuing "Business as Usual" , sound risk advisory is more important than ever.
Core Risk Advisory brings provocative Change Management and Project Management principles, proven approaches and pragmatic yet innovative thinking, that helps organizations realize success in Compliance Transformation .
The Financial Industry has endured much in the last decade - regulatory scrutiny, new stringent mandates, political and social unrest and economic instability. As financial institutions struggle to implement strict "Change the Bank" policies and measures, while pursuing "Business as Usual" , sound risk advisory is more important than ever.
Core Risk Advisory brings provocative Change Management and Project Management principles, proven approaches and pragmatic yet innovative thinking, that helps organizations realize success in Compliance Transformation .
COMPLIANCE OUTSOURCING
For many organizations the most effective Compliance controls can also be the most resource consuming, time wasting and cost increasing functions. For example, Transaction Monitoring, Risk Checks and Daily Name Check Monitoring, KYC Remediation, Annual PEP and High Risk Client Reviews provide tremendous value, but also take up valuable time.
Core Risk Advisory provides Outsourcing Compliance Services for these functions enabling organizations to focus on key activities.
For many organizations the most effective Compliance controls can also be the most resource consuming, time wasting and cost increasing functions. For example, Transaction Monitoring, Risk Checks and Daily Name Check Monitoring, KYC Remediation, Annual PEP and High Risk Client Reviews provide tremendous value, but also take up valuable time.
Core Risk Advisory provides Outsourcing Compliance Services for these functions enabling organizations to focus on key activities.
ENHANCED DUE DILIGENCE AND INVESTIGATIONS
Audit scrutiny, regulatory imposed fines, bank closures are prevalent in the Financial Industry most due to due to ineffective KYC Processes and lack of Customer and Third Party Due Diligence. To mitigate this, regulatory bodies are mandating that EDD is undertaken by obliged entities in relation to Cross border correspondent banking relationships, PEP's and other High Risk Clients and Markets.
Core Risk Advisory provides Enhanced Due Diligence Services providing on-the-ground research that mitigates risk, identifies true beneficial ownership and brings transparency.
Audit scrutiny, regulatory imposed fines, bank closures are prevalent in the Financial Industry most due to due to ineffective KYC Processes and lack of Customer and Third Party Due Diligence. To mitigate this, regulatory bodies are mandating that EDD is undertaken by obliged entities in relation to Cross border correspondent banking relationships, PEP's and other High Risk Clients and Markets.
Core Risk Advisory provides Enhanced Due Diligence Services providing on-the-ground research that mitigates risk, identifies true beneficial ownership and brings transparency.