Financial Crime & Regulatory Compliance | Consulting | Davies

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Financial Crime and Regulatory Compliance

We provide expertise in anti money laundering and sanction, financial markets surveillance, fraud prevention and detection, regulatory compliance management, and analytics/intelligence across business operations and technology.


Regulators’ relentless focus on financial crime and regulatory compliance and the penalties for non-compliance continue to escalate, even beyond the tenfold increase of the last five years. At the same time, firms face an increasingly unpredictable landscape of sanctions and restrictions at both a jurisdiction and personal level and an increased pace of regulatory change. Keeping abreast of all this is both challenging and complex, and the costs can be substantial.

At the same time, fraudsters and other bad actors, have accelerated the type and volume of activity that directly impacts the bottom line and challenges firms’ reputations.  A risk and value-based approach is essential in navigating the constantly evolving environment where business operates.   

We help clients to formulate strategic approaches and demonstrate measurable progress in reducing risks while maximising the efficiency and effectiveness of financial crime and regulatory compliance programs, applications, and solutions.


We have undertaken a number of engagements with financial institutions across North America/EMEA/APAC assisting clients in AML transaction monitoring, Sanctions, and KYC/CRR. Our clients include retail banks, institutional banks, international firms, insurance firms, fintech, and digital banks. Our specializations include:

  • Coverage assessments
  • Building target operating models
  • Regulatory response and remediation
  • Tuning and calibration, independent model testing, and model documentation
  • Designing and implementing business-specific controls and processes to improve efficiency/reduce false positives
  • Adhoc business-specific needs, management/board reporting, etc
  • Planning and implementing end-to-end technical solutions

With our knowledge and expertise in Regulatory Compliance Management, we understand that keeping abreast of regulatory change makes it challenging to find skilled compliance resources.

Our compliance outsourcing model augments your existing teams to help you navigate the compliance landscape by providing skilled compliance expertise including:

  • Exam Preparation
  • Regulatory Inventory
  • Board / Executive Reporting
  • (Registrations) Conduct Compliance
  • Control Building
  • Monitoring and Testing

No matter your needs, we can customize solutions to help you effectively manage your regulatory requirements and obligations.

Despite financial services firms increasing their efforts to address growing market and regulatory demands, they are still being fined for conduct-related issues. Specifically, we see the challenges as:

  • More paperwork is making it worse
  • Siloed approach to conduct management
  • Increased distance to impacted stakeholders
  • Blindly following rules without knowing why
  • All stick and no carrot

To address these challenges, we have combined the experience and capabilities of our FC & RC and People and Organisational Performance Practices to create ASCENT, a set of products that can be used individually or as an overarching program of change to build a culture of high performance when it comes to Financial Crime and Regulatory Compliance.

Our expertise in anti-money laundering and fraud prevention also extends into the world of cryptocurrencies and investment. Our approach is to blend specialized crypto knowledge with our experience and structured discipline leveraging our proven understanding of markets, regulations, and firms. We regularly host expert seminars and offer insights and opinions on topics including

Davies covers the full fraud management spectrum, leveraging our extensive experience with specialist technologies, fraud change management, model implementations, and system tuning projects:

  • Identity theft
  • New account fraud
  • Debit card fraud
  • Account takeover
  • Credit card fraud
  • Check fraud
  • Insurance fraud
  • Commercial Banking fraud
  • Identifying risks to current fraud operating models (Fraud Risk Assessment – people, process, models and technology)

Our proven Governance, Risk and Compliance (GRC) services span the full front-to-back operational cycle, and all lines of defence. Our methodical approach to horizon scanning, regulatory intelligence and law inventory support, combined with overall expertise in regulation benchmarking, collection and alignment, ensures that clients have a front-to-back perspective of the compliance value chain.

We have successfully delivered 500+ initiatives for clients, across all lines of defence, and provide regulatory intelligence services to 100+ blue chip clients globally all types of financial service firms.

The range of regulatory requirements from the SECEMIRMIFID and MAR have challenged current approaches common to financial institutions. The Davies team can support the review and remediation of current practices to meet the increasing list of monitoring requirements.

We have undertaken numerous model validations for financial institutions, fintechs, and digital asset providers, and are recognized by the industry for high quality and deep insights on market surveillance, fraud, transaction monitoring, and sanctions screening solutions. We work across IT, Compliance, and MRM to develop MRM frameworks and model testing that is proportional to the risk appetite of our clients.

Meet our specialists

Joseph Cataldo

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Robert Cranmer

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Tara Rodgers

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