Remediations and Regulatory Enforcement Support
Our rapidly deployable teams consist of project leads, analysts and assurance professionals, all supported by our specialist consultancy team. We are experienced in quickly removing complexities while allowing your internal resources to focus on business execution. We can deploy teams to assist you with operational tasks associated with any AFC process, including KYC/KYB, EDD, PEP and sanctions customer/payment screening, investigations, transaction monitoring alert clearance and suspicious activity/transaction reporting.
As well as providing you with the bodies to manage these operational tasks, we are also committed to helping you resolve the root causes that may have created these challenges in the first place.
Our team of consultants can help you assess and reconfigure any processes or systems to ensure you can progress forward with confidence.
All of our deployments are executed under the FINTRAIL commitment of quality, ensuring highly relevant sectoral experience and knowledge. Our managed service deployments are overseen by our Consulting team, who perform regular quality and performance monitoring in partnership with the client. As per the our guidance documents, we establish robust mobilisation, governance and reporting to ensure our clients have maximum visibility of progress and performance without creating additional burden on BAU.
Regulatory enforcement support
We provide expert guidance before, during or following regulatory enforcement actions, to address the issues and requirements identified. This can include support on initial engagement with the regulator, conducting a health check to identify additional issues, remediating any core control gaps, and supporting your team from board members to analysts through a regulatory review.
Remediation planning
We build effective remediation plans for communication to the regulator. These cover scenarios such as the remediation and uplift of certain controls, or the completion of a backlog of transaction monitoring alerts. Depending on the scenario, our plans capture the actions required, clear and justified timeframes, a risk-based prioritisation methodology, capacity planning, logistics, and process steps.
Remediation execution
FINTRAIL supports the execution of all types of remediation exercises. Our team has experience in managing large-scale remediation exercises and can take this burden off your hands - implementing project management, governance and oversight and reporting to senior stakeholders. FINTRAIL can also supply flexible resources to complete remedial tasks, such as addressing onboarding or transaction monitoring backlogs.
