Fraud Prevention
The Financial Services Authority is increasingly targeting individual Board Directors and Senior Managers responsible for the effectiveness of their firms ‘Systems and Controls’, with significant financial penalties and custodial sentences being sought.
The risk of fraud remains high for firms in the financial services sector and beyond. Consumer awareness is not keeping pace with the sophisticated techniques employed by fraudsters. |
‘Your firm may be at greater risk of financial crime as economic stresses at the individual and corporate level increase the incentives for committing Fraud, Market Abuse and other financial crimes.’ |
We can provide expert assistance in the form of project management and specialised consultancy in the following:
- Assessment of policy content, structure and implementation
- Conduct risk based assessments of Fraud Prevention Controls
- Stress test SYSC requirements and controls, and internal and external reporting procedures
- Advice and support on training and awareness programmes to enable staff to gain a better understanding of the impact of Fraud
- Assistance with investigations - internal and external
- Executive and senior management coaching on managing regulator relations
- Data Security reviews and training and awareness programmes