COMBATING MONEY LAUNDERING AND FRAUD

Case Study 1 - Combating Money Laundering

A financial institution contacted C2i to help with a possible case of money laundering.

Following a detailed electronic and physical investigation at the client's premises, only minor breaches in information security were observed. However, it became apparent that the client's method of due diligence on potential investors was not commensurate with today's fraud and money laundering threats. This weakness had lead to an investor attempting to deposit in excess of £2m, un-cleared and potentially bringing about the collapse of the financial institution.

C2i investigated the investor and subsequently discovered a link to a South American drugs cartel. The relevant authorities were contacted and C2i continued to develop a rugged system of due diligence that now is integral in the process of accepting new investors.