Understanding the nature and scale of any problem is key in taking proportionate and focused action.
We can work with your teams to undertake a comprehensive documented risk assessment across your organisation. We have particular experience in helping organisations of all shapes and sizes manage the risk of:
- money laundering;
- bribery and corruption;
- sanctions breaches;
- facilitation of tax evasion;
- data privacy breaches (Data Protection Act / GDPR)
- unethical employment practices (modern slavery);
- illicit wildlife trade; or
- environmental crime
Having identified the risks we can advise on the design of appropriate controls needed to mitigate them.
The above risk assessments are a vital element of helping an organisation understand its ESG (Environmental, Social and Governance) risks.
Organisations subject to Money Laundering Regulations are required to have a business wide risk assessment which forms the foundation for their Anti Money Laundering policies and procedures. We can ensure your risk assessment meets regulatory requirements.
Risk Assessments are also a key requirement of published regulatory guidance and an essential element of ‘adequate procedures’ under the UK Bribery Act, FCPA and the corporate offence of Facilitation of Tax Evasion under the Criminal Finances Act.
We have experience across a number of regulated sectors including:
- legal services;
- financial services;
- gambling and gaming;
- extractive industries;
- social housing;
- estate agents; and
- construction industry
We combine our specialist knowledge and your knowledge of your organisation to identify potential risks and solutions.