Our financial services experts have worked extensively with financial institutions, multi-national organizations and their counsel on a range of matters relating to money laundering, terrorist financing and sanctions. We have hands-on experience supporting investigations and helping assess, develop and operationalize financial crime risk management arrangements.

FRA was founded on the basis of our experience in complex, long-tail financial transactional analysis, and we have developed a strong expertise in advising clients on Anti-Money Laundering (AML) issues, performing extensive Asset Tracing exercises, advising on Sanctions and embargo violation investigations, and providing expert witness testimony in Counter-Terrorism Financing (CTF) cases.

We have been examining compliance risk management in relation to the Bank Secrecy Act (BSA), AML and the Office of Foreign Assets Control (OFAC) for several years.  Our experience extends to risk assessments and statutory reviews, benchmarking against international best practice, and tailoring our recommendations to jurisdiction-specific requirements and local regulations.

We have guided clients through every phase of identifying financial crime threat patterns: trends, typologies, and correspondent banking activities.  By extracting and analyzing large data sets, we provide insight and recommend enhancements in various areas:

  • Independent reviews and risk assessments of AML/CTF programs
  • Customer Due Diligence and Enhanced Customer Due Diligence
  • Know-Your-Client (KYC) measures
  • Determining Beneficial Ownership
  • Suspicious transaction monitoring arrangements
  • Financial crime risk identification, mitigation and management
  • Quantifying the economic impact of risk
  • Whistle-blower procedures
  • Organizational culture and misconduct
  • Responding to Regulators
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What Makes Us Different

Financial Industry Experts

We have a broad footprint of cross-discipline experts, including former investment bankers, with over 20 years of experience in top-tier investment banks, alongside forensic accountants, financial analysts, software engineers, and eDiscovery and data analytics experts. Our team also includes several Certified Anti-Money Laundering Specialists (ACAMS).
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Expert Witness

We are able to provide crucial evidence in high profile, multi-jurisdictional matters, combining our strong accounting knowledge and financial modeling skills with expert knowledge of banking systems and data mining. Our team members frequently provide expert reporting and expert testimony in financial disputes and compliance matters.
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Data Analytics in Banking

Bank data exists in numerous siloed systems from trading platforms and payment systems to Know-Your-Client (KYC) and core banking. Leveraging the right data and applying the right analytic techniques for financial crime initiatives not only optimizes detection efforts but also enhances monitoring and prevention capabilities, as well as creating vast opportunities to identify operational efficiencies, cost savings and enabling better customer, business and risk insights. In addition to alert screening systems (e.g. AML, sanctions, etc.), analytics led monitoring enhances a bank’s compliance capability and de-risks siloed systems and data.
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Compliance Expertise

We have served as an independent compliance monitor and also supported compliance monitorships appointed by the US Department of Justice (DOJ), US Securities & Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB) and New York Department of Financial Services (NYDFS) on a number of matters. We have been involved in monitorships related to anti-bribery and corruption, anti-money laundering, Office of Foreign Assets Control (OFAC) sanctions violations, fraud, and PCAOB accounting and auditing standards. We have also assisted clients operating under Deferred Prosecution Agreements (DPAs) in preparing for and interacting with compliance monitors. In this capacity, we have been responsible for the assessment, design and/or monitoring of compliance policies and procedures.
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Our Team

Bhavin Shah, Partner
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Charlie Steele, Partner
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Jenna Voss
Jenna Voss, Partner
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