Financial Crime Fears Rising – How Kind Can Help
A recent survey shows that 76% of Financial Services business leaders in the UK are expecting Financial Crime to rise over the next 12 months.
The study by consulting firm Kroll asked CEOs, Chief Compliance Officers, Chief Risk Officers and senior legal role holders within Financial Services firms if they expected Financial Crime to increase over the next year – globally, 71% of respondents said yes, in the UK that number rose to 76%, and the professionals surveyed also expected an increase in regulatory enforcement action and in collaborations between businesses and regulators.
Regulatory Scrutiny
We know from their recently published Annual Work Programme that fighting Financial Crime is a key focus area for the FCA and is set to remain a top priority for the next five years. At the time of writing they have already issued over £11 million in Financial Crime related fines in 2025.
With Kind Consultancy’s specialist focus on Risk, Governance, Compliance and Financial Crime, we are regularly having conversations with people at all levels of the industry, and many of them echo these findings – they are concerned about criminals using increasingly sophisticated technology in fraud and money laundering and they want to make sure that their customers are protected and their regulatory duties are being fulfilled.
Investing in Defence for Success
All signs point to this being a crucial moment to invest in Financial Crime staff. With criminals utilising ever more advanced technology to defraud businesses and launder money, have a strong first line of defence is vital. In a competitive marketplace, the firms that stay ahead are going to be the ones who build the best defences – sidestepping costly fines and dodging the reputational risk inherent in Financial Crime failings.
Our Kind Agile Solutions service enables me to very quickly connect my clients to full teams of contract Financial Crime resource, taking a “problem solving” approach. This means we can build a tailored offering to suit your resource needs.
Maybe your firm is facing a spike in customer onboarding activity following a new product launch, maybe you need to carry out remedial action following a regulatory review or maybe you want to conduct a full audit on your current Financial Crime processes to identify potential weak spots.
Whatever the situation, I can help you with specialist talent. I’m currently working with some exceptional KYC and AML contractors who are pre-screened, pre-qualified and ready for their next challenge.
Get in touch today via 0121 643 2100 or kiran@kindconsultancy.com for a confidential conversation and we can begin a collaborative consultation, developing a solution that delivers on your needs, circumstances and timeframes.
