Resourcing an AML team
We quickly produced, assessed and on-boarded a team of AML experts to upscale the team of a European bank
Our client, a Peer-to-Peer lender, was under the FCA spotlight due to the way it managed and recorded its client money
Peer-to-Peer lenders need to manage their client assets in a slightly different way from other financial institutions and our client, having experienced massive growth, just didn’t have the knowledge and experience
We were asked to supply an interim CASS expert who understood the rulebook and could make some recommendations, and then possibly assist with implementation of new processes
Whilst we have a small number of CASS specialists on our Associate books, none have experience of working with a Peer-to-Peer lender
We were able to network with the above individuals and it transpired that one of them knew a CASS specialist from the UK’s leading Peer-to-Peer lender
This candidate was interested in working with PEN so, following an extensive interview process, we proposed him to our client
Our client was delighted with the calibre and experience of the individual that we presented, and after a four week interim role, he was offered a permanent post there.
He continues to do an excellent job for our client