Fraud, Risk & AML
FRAML consulting from people who have worked the alerts
FRAML stands for Fraud, Risk and Anti-Money Laundering. In many organisations these sit in separate teams with separate systems and budgets, and criminals exploit the gaps between them. A FRAML approach gives you one view of the customer, shares risk data across teams and links investigations together.
Our FRAML team holds CFE and ICA certifications and has hands-on experience of transaction monitoring, AML compliance, sanctions screening and fraud detection in banking, payments and remittance. We know the regulations, and we know what a Monday morning alert queue looks like.
How we help
Fraud, Risk and AML services
Fraud prevention and controls
Controls for payment fraud, account takeover, application fraud and authorised push payment (APP) fraud.
Financial crime risk assessment
Business-wide and customer risk assessments that show where your exposure is and what to do about it.
Transaction monitoring
Design, review and tuning of scenarios and thresholds, so analysts spend less time on false alarms and still catch genuine risk.
Sanctions and PEP screening
Screening against UK, UN, EU and US lists, with match logic and fuzzy matching calibrated to your customer base.
KYC, CDD and customer risk scoring
Risk-rating methods, onboarding and due diligence journeys, and periodic reviews at a sensible frequency.
Alerts, cases and reporting
Triage and investigation workflows, quality assurance, and suspicious activity reporting that holds up to scrutiny.
Regulatory context
Aligned to the rules you’re measured against
We help you design and evidence risk-based controls that regulators, auditors and your board can follow.
- UK Money Laundering Regulations 2017 and FCA expectations
- JMLSG guidance and the UK failure to prevent fraud offence
- OFSI, UN, EU and OFAC sanctions regimes
- FATF Recommendations and the EU AML package
- Nigerian and wider African AML/CFT frameworks, including goAML reporting
We support your compliance function. Responsibility for regulatory compliance stays with your organisation.
Who we help
- Banks and building societies
- Fintechs and e-money institutions
- Payment service providers
- Money remittance and FX businesses
- Lenders, crypto and gaming operators
- Any organisation worried about fraud
Where clients usually start
Common first engagements
FRAML health check
An independent review of your fraud, risk and AML controls, looking at scenario coverage, rules, thresholds and alert volumes, with recommendations.
Choosing and implementing a platform
We help you define requirements, compare platforms fairly, and oversee implementation and data integration.
Building team confidence
Investigator training, QA frameworks and procedures that make decisions faster and more consistent.
FRAML FAQs
What’s the difference between fraud, risk and AML?
Fraud prevention stops criminals taking money from you or your customers. AML stops criminals using your services to move or hide the proceeds of crime. Risk management connects the two by showing which customers, products and channels carry the most exposure. FRAML treats all three as one problem.
Can you help us cut false positives?
Yes. Better rules and thresholds, better customer segmentation and cleaner data usually reduce the noise while keeping, or improving, detection of real risk.
Do we have to use iTrack Sentry?
No. Our consulting is vendor-neutral, so we’ll recommend whatever fits: tuning your current system, iTrack Sentry or another platform.