The financial sector plays a crucial role in preventing financial crimes and is obligated to comply with a vast array of regulatory requirements. In recent years, there has been a significant increase in organized financial crime, driven in part by emerging geopolitical risks and a challenging macroeconomic environment.
This alarming trend has been highlighted by the Norwegian Police Authorty´s Threat Assessment from March 2025, which warns of an increasingly difficult future in combating organized financial crimes, characterized by rapid changes in criminal methods (modus operandi). In response to this growing threat, the Financial Supervisory Authorities (FSA) have intensified their focus on anti-money laundering (AML) and financial crime prevention, reinforcing the need for vigilant compliance and proactive measures within the financial sector.
NFR Financial Crime Prevention
Our Financial Crime Prevention team offers comprehensive support to clients by assessing governance, processes, and systems to ensure robust and effective crime prevention and compliance. In response to new regulations or amendments, our expert team conducts regulatory gap analyses and maturity assessments, providing updates to process design, policies, and procedures as needed.
With increased scrutiny from Financial Supervisory Authorities (FSAs) leading to frequent inspections, our Financial Crime Prevention experts are well-equipped to assist clients in responding to FSA inquiries, ensuring that all materials and supporting documentation meet the highest standards of quality.
Additionally, we provide clients with tailored presentations, training sessions, and workshops, designed to enhance their understanding and capabilities in financial crime prevention.
Some of our services within Financial Crime Prevention:
- Fraud prevention strategies, policies and procedures
- Fraud investigations
- Fraud risk assessments
- Training and board education
- Assessment and development of AML/CTF Framework
- Support with the General Risk Assessment
- Support in development of Transaction monitoring scenarios
- Support in development of models for customer risk classification
- Co-sourcing to MLRO
- Outsourcing of the Independent Audit function
- Interim roles within AML and Fraud
- KYC and onboarding
- Model risk management
- Model validations
- AML GAP Analysis
- Capacity team for backlog remediation within CDD/EDD or transaction monitoring
