Financial Crime
Validating AML and Fraud Controls for a Fast-Evolving Risk Landscape
As financial crime systems transition to automated and AI driven technologies, maintaining clear human oversight and audit trails is vital. Lumiel provides independent validation of anti-fraud and AML frameworks, giving the Board objective assurance that AI led controls align with compliance expectations.
Key requirements and how Lumiel supports your regulatory compliance
Customer Due Diligence
Independent thematic validation of your onboarding and digital architectures, assessing the operational execution of your CDD and EDD files against recent multi-firm findings.
Ongoing Monitoring
Assurance review of your customer lifecycle frameworks, assessing the proportionality and completeness of periodic and event-driven refresh triggers ahead of formal audit cycles.
TM & Sanctions Screening
Objective pressure-testing of automated detection models and screening logic, giving the Board independent assurance that real-time thresholds and sanctions lists are accurately calibrated.
APP Fraud
Review of your fraud prevention architectures, validating real-time payment delay workflows, risk scoring and 50:50 liability models against mandatory reimbursement standards.
Is your compliance infrastructure ready to demonstrate clear human oversight and audit trails required for AI led financial crime controls?
Schedule a Financial Crime ReviewKey Regulatory Sources
Firms’ customer due diligence processes and controls: FCA's findings
A summary of the FCA's main findings and expectations for firms, centred around Policies & Procedures, CDD & EDD processes and Compliance monitoring & audit.
FCA HandbookFinancial Crime Guide (FCG)
Provides information on actions a firm can take to counter the risk they may be used to further financial crime.
FCA Finalised GuidanceFG24/6 Guidance for firms that enables a risk-based approach to payments
Provides information on actions a firm can take to counter the risk they may be used to further financial crime.