In a regulatory environment characterised globally by a risk-based approach and the FCA advocating for “judgement and common sense” to be at the heart of anti-financial crime strategies, the onus sits within a financial institution to define the level of risk they feel comfortable with. Whilst this naturally leads to a deeper degree of responsibility within financial institutions themselves for their actions, a more risk-adverse approach (i.e. de-risking) has the potential for a number of unintended consequences – especially for those for whom exclusion from banking services would have the greatest impact.

In this expert-led think-tank, Ravi Jakhodia and Daniel Saliba will discuss how Moniepoint have managed to create a strict risk-management strategy, whilst recognising and negating the potential of financial exclusion and the disastrous human cost this could have.