De-Risking

De-risking is a relatively new practice adopted by banks and other financial institutions. It refers to the broad withdrawal of banking and other financial facilities to categories of customer.

It has been said that this trend has been influenced by fines imposed on the financial sector in recent years and fuelled by concerns regarding the risk of money laundering and terrorist financing.

However, the term has adopted a wider meaning and can be used to describe the process by which other corporate bodies and organisations may remove operations, customers and processes that are deemed to be “risky”

Case Studies

Financial Crime Compliance & Governance, Fraud investigation

The one with a leading compliance training organisation learning how fraud cases help with financial crime compliance…

Client Type - company

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Training was provided to a leading international training organisation that itself supplies training and professional qualifications in the financial crime compliance field.   The training was focused on the options the civil court system provides on reacting to discovery of fraud.  Training was provided around types of cases where court applications such as non-party disclosure, Norwich […]

Tenet can assist in reviewing processes and procedures, and by seeking to identify and isolate such practices that would be categorised as “risky” in terms of money laundering, terrorist financing and other financial crime.

Tenet can advise on ways to reduce the risk by tightening up processes and procedures, insisting on additional checks and balances, or will advise on the removal of such practices completely.

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