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Description

Although investment management has traditionally carried a lower financial crime risk than certain sectors of the financial services industry, criminal actors are increasingly turning towards it as the growing maturity of anti-financial crime controls in higher risk areas forces them to seek new opportunities and diversify their own portfolios. This leaves investment management firms exposed to increased risk of money laundering, fraud and cybercrime - as well as bribery and corruption, terrorist financing and sanctions evasion.

This horizon scanning report aims to provide Themis clients and members with an update covering the latest criminal techniques and financial crime threats related to investment management, as well as any legal and regulatory updates that could be of relevance. It also sets recommendations and a series of actions to ensure businesses are prepared to face the risks that they are exposed to when operating in the sector.