Food for Thought: Financial Crime Audit – Focus Areas for 2019

“Food for Thought” is a series showcasing insights and best practices from Exiger’s roundtables, where senior professionals and thought leaders come together to discuss the latest industry developments over a bite to eat.Request an invitation The emergence of new financial crime risks, sparked by factors such as technological innovation, PSD2 and open banking, mean that the coming year won’t simply be business as usual for internal audit functions. Collaboration and benchmarking are critical if auditors are to keep pace with their businesses.In this context, senior financial crime audit professionals from 11 leading financial institutions shared the risk types and products they will focus on in their 2019 audit plan at a recent roundtable discussion in London.Download the full Financial Crime Audit: Focus Areas for 2019 Graphic [PDF]Top 5 risk types:FraudCustomer due diligenceGovernance / policy & proceduresAnti-bribery & corruptionTransaction monitoring systems & SARsBanking products of most concern:Correspondent bankingTrade finance (including know your customers’ customers – KYCC)We’re here to helpExiger is a global authority on regulatory compliance. We have worked with financial services firms and regulators across the world to enhance and assess the effectiveness of financial crime programmes.White paper:How can auditors raise the bar in auditing financial crime risk?Read white paper >Financial Crime & Fraud Audit Roundtables: Benchmark your audit approach by attending our next roundtable in New York or London for senior auditors at financial institutions. Request an invite >Audit & assurance support:Read more about Exiger’s audit and assurance services. Find out more >