Based in the City of London, FCRM provides services to clients in the financial services and corporate markets; assisting them to manage and respond appropriately to financial crime incidents and operational risk, associated with theft, fraud and money laundering; and other forms of potentially dishonest conduct relating to money, assets, intellectual property and the misuse of confidential material. Assignments include:

• Developing risk-based systems and controls for financial crime - Including governance arrangements for fraud, corruption and anti-money laundering; reducing the risk of involvement in terrorist financing or laundering the proceeds of crime.
• Responding to suspected fraud - Including internal fraud committed by employees and external fraud effected by customers, suppliers or third parties.
• Gathering intelligence - Conducting due diligence enquiries or vetting investigations for clients, relating to new ventures, business opportunities or the recruitment/promotion of personnel into positions of trust and/or as an FSA Approved Person.
• Developing financial crime profiles and/or analytical relationship charts - Using tools, such as, "i2 Analyst's Notebook" illustrating relationships between people, assets, transactions and events. Useful when, for example, investigating suspected fraud, or misconduct in, or the misuse of price sensitive or other confidential information.

International

FCRM is the UK member of an international network of independent financial crime specialists (many of whom are former Big-4 or specialist consultancy & investigations personnel).

Responding to financial crime often involves managing cross-border issues. A corporate fraud, for example, may involve the use/misuse of cross-border trade, the use of shell-companies registered in other jurisdictions, international money transfers, tracing the acquisition or movement of foreign assets, and/or investigating the innocent or complicit participation of individuals domiciled abroad.

For international fraud investigation, asset tracing or when undertaking complex due diligence enquiries, where knowledge of local language and culture is essential, the network of independent specialsts can provide ready access to accounting, investigative and technical resource in a number of countries, utilising staff with knowledge of the local language, business and cultural environment.

"The possibility of something bad happening"

Financial crime affects all companies. The extent to which it might be an 'acceptable' cost of doing business depends on a range of factors, not least of which is financial impact; others include:

• Reputation risk - Adverse publicity influences stakeholder opinions.
  
• Regulatory risk - Regulators expect proactive risk management.
  
• Governance risk - Compliance failings can lead to fines or imprisonment.
  
• International risk - Operations may be subject to foreign legislation (eg US FCPA).
  
• Sanctions risk - Restrictions on trade, with penalties for non-compliance.
  
• Awareness risk - Corporate blindness on the real nature of risk facing the business.
  
• Operational risk - Internal procedures not applied in practice, or not fit for purpose.
  

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To request further information about FCRM´s financial crime services click-here, or to launch your local email application click here.