Financial Crime Survey Results

As part of our round table with C&F Partners we conducted a survey on financial crime within the Broker Community.

Respondents highlighted Market Abuse (50%) and Money Laundering/Terrorist Financing (33%) as the area that present the most significant financial crime risk to their firms.

The key takeaway was that compliance departments feels under resourced, with 43% of respondents citing this as the biggest challenge in financial crime compliance.

An area where firms could improve is by connecting money laundering transaction monitoring and market abuse trade surveillance functions. Only 11% of respondents described these functions as being fully connected, taking advantage of potential efficiency gains that would come by fully integrating the two systems.

Finally, the area with the biggest potential to help compliance departments is the continued automation of transaction monitoring and trade surveillance systems. The improvement in these systems has the potential to reduce the resource pressure that firms highlighted as a challenge to remaining compliant.

The full survey results can be viewed HERE

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