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Financial Crime Policy

#PolicyThursday | Financial Crime

Financial Crime Policy in 8 clear principles, a policy that otherwise has a tendency to spawn “Child” policies.

In our experience, we have seen far too many examples where the Financial Crime policy focuses on the consequences of non-compliance (fines, jail time etc. which should be part of the training) rather than what the business needs to do.

The details of business activities are usually tucked away in a child policy specific for AML or bribery, with lots and lots of cross-references leaving the business teams chasing their tail – losing interest before finding the information they need.

At CoVi Analytics we have boiled this policy down to 8 principles, supported by a list of controls that help the business achieve the intended outcome (see below).

Let’s chat to see how CoVi Analytics can help you reduce your back-office overheads and automate reporting. Leave a comment or DM me.


Context: Policies are used by Boards to set instructions for the business. However, these documents tend to be vague and cover other areas like training, generic governance or implications of failure to follow instructions.

At CoVi we are redefining how Boards deliver instructions through policies. See comment for a post explaining how.

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