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Regulatory Compliance
The GDFM Regulatory Compliance Practice provides solutions for our clients to alleviate the challenges raised by the international fight against financial crime.

Financial Crime Compliance Services


Financial Crime

Our client proposition has formed over years of experience and is designed to ensure that our clients receive value, and our people receive the requisite level of support. The GDFM Financial Crime Compliance Practice provides solutions for our clients, to address the challenges of fighting financial crime and meeting the prevailing regulatory requirements. The Practice’s focus is on the key financial crime areas of Money Laundering & Terrorist Financing, Bribery & Corruption, Market Abuse & Insider Dealing; delivered through both business consulting and / or managed services.

Identifying the highest compliance risks to your organisation, making them a priority for the organisation’s compliance controls, policies and procedures.

Supporting you in design and implementation of the system by which your organisation is controlled and operates, and the mechanisms by which it, and its people, are held to account. This will include ethics, risk management, compliance and administration.

Evaluation of your existing inherent risk, an appraisal of the control framework and underlying procedures. To provide a report of the residual risk and recommendations to address any areas which would benefit from improvement.

Detailed business and technology expertise to help define, redefine, and implement your operating model.

A review of your existing operating model, benchmarking against market practice. Producing a report & recommendations.

A review of your existing operating model, benchmarking against market practice. Producing a report & recommendations.

Supporting you in designing, augmenting or implementing the controls designed to minimise risk to your business.

Managed Services Solutions

Financial crime is a growing concern for businesses across all industries, and the costs of non-compliance can be significant. From reputational damage to financial loss, the consequences of a financial crime breach can be devastating. That’s why having a reliable and effective managed service in place is essential to mitigating the risk of financial crime and ensuring that your business remains compliant.

Our financial crime managed services provide a comprehensive solution to the ever-evolving threat of financial crime. Our team of experts use the latest technology and industry-leading practices to monitor and detect potential financial crime incidents in real-time, ensuring that your business remains protected. With 24/7 monitoring, you can have peace of mind that your business is always in good hands.

In addition, our managed services also provide ongoing support and consultation, helping you stay up-to-date with the latest regulations and best practices. Our team will work with you to develop customized solutions that meet your specific needs and requirements, and we will always be on hand to provide support and advice. With our financial crime managed services, you can focus on growing your business, confident that you have the right tools and resources in place to mitigate the risk of financial crime.

Managed Services Details

Other Areas of Expertise

The Practice team contains industry and regulatory experts, with front to back experience across the investment cycle.

Regulatory Governance and Control Frameworks can be designed and implemented, in line with an organisation’s operating structure and with practical and pragmatic considerations for application along the Front to Back business flow and across horizontal support structures. Including design, review and validation of regulatory reporting governance and controls, inclusive of change management and quality assurance / testing frameworks; regulator and authority enquiry management framework; regulator and authority enforcement remediation framework.

Validation against a predefined standard looking across from a regulation’s inception through to practice and focussing on F2B governance and control.  The output is a report with categorised observations, recommended framework and remediation components to address regulatory governance and control risks identified (please refer to section 5).

Tailored, practical, pragmatic, remediation and solutions, including technology infrastructure review and design, to achieve enhanced regulatory governance and control.

Client Money, Client Assets, CASS RP, SCV Front to Back governance and control framework assessment, validation, solutions and remediations; Independent CASS Custody, CMAR and CASS RP Quality Assurance and testing (please refer to section 06).

Board to BAU and SM&CR Front to Back governance and control framework assessment, validation, enhancement, solutions and remediations; quality assurance; regulator Principles, Fundamental Rules and internal values mapping and traceability.

Case Studies

CDD / EDD fully outsourced managed service

Fully outsourced KYC managed service which has been delivered to the client for in excess of two years. GDFM work with the client’s second line of defense to assess the Anti Money Laundering and Counter Terrorist Financing risks of their counterparty function. Initially our analysts and team leads worked alongside the clients KYC team to perform end-to-end KYC on only private individual counterparties. After three months, GDFM took full responsibility for the client’s counterparty checks and now operate a fully autonomous managed service for the client’s counterparty checks.

Financial Services regulatory driven KYC remediation

Academy-driven rapid ramp-up KYC project. GDFM worked alongside the client’s Operations and KYC teams, to remediation customer KYC CDD/EDD files within a defined timeframe. The team were responsible for reviewing all ‘non-material updates’. Due to high productivity of the GDFM project team additional files were assigned to GDFM, from populations originally assigned to other consultancies and the initial assignment period was extended.

Financial Services Risk and Compliance advisory

Financial Crime Risk Methodology Review & Risk Assessment. GDFM worked with the second line of defense to compose and implement an enterprise-wide Risk assessment of the first line of defense. The GDFM project team carried out Financial Crime Risk Assessment Methodology across Sanctions, Anti Money Laundering and Counter-Terrorist Financing (AML/CTF), and Fraud Risks. Subsequent risk assessments were carried out for each first line of defense department and a Financial Crime risk assessment was carried out for trade finance products. A gap analysis was carried out to identify any key control gaps. The findings and recommendations provided by GDFM were accepted and as a result, several initiatives were mandated.