IT’S NOT ENOUGH TO SAY YOU’RE GOOD: YOU HAVE TO BE ABLE TO PROVE IT.

At OSACO Financial we see compliance as an opportunity, not a threat or an unwelcome burden. We see it as an intelligent and common-sense evolution in the way financial institutions operate; an essential part of building the vital trust that makes international trade and economic prosperity possible.

A trust that comes from not just being capable, but being able to demonstrate it beyond doubt.

Strengthening the global financial system will ultimately contribute to greater financial stability and a safer world.  It's also true that the de-risking process is having a negative impact on banking in emerging markets.

But we believe there are great opportunities and great rewards for those forward-looking firms ready to act quickly and commit to the challenges of building a fully compliant business.

OSACO Financial is a globally connected firm of highly experienced financial compliance, anti-money laundering and financial crime experts. Based  in the United Kingdom, we’re focussed exclusively on emerging financial markets, offering a flexible, cost-effective and step-by-step approach, enabling banks to reach globally recognised standards of financial compliance.

More than 25% of banks surveyed by the World Bank in 2017 reported reductions in Correspondent Banking Relationships (CBRs). Emerging markets are disproportionately affected by this trend, with 30% of sub-Saharanbanks seeing reductions in CBRs. Thisreduction inCBRs is a surface indicator; the challenges faced by emerging market banks are complex. 72%ofemerging market banksreport multiple external challenges reducingtheir ability to serve customers. Compliance Costs and Correspondent Banking-related difficulties were most frequently cited.

Our team includes internationally recognised experts in financial crime prevention, Know You Client (KYC) and Anti-Money Laundering (AML) measures, with extensive experience across major financial centres in Europe and the Far East, including London, Hong Kong and Tokyo.

Along with global peers, most emerging market banks are tackling several compliance issues: expensive implementation of software or system upgrades; limitations in customer information; a lack of harmonization in global, regional and local regulatory requirements; variable data requests from multiple cross-border correspondent banks and a shortage of training or knowledgeable staff, among others. In 2016 banks in countries across a broad range of regions, sizes, and income levels expectedcosts to more than double in 2017.

We don’t do ‘one-size-fits-all’. In our world, no two banks are the same. Unlike many of the giant international audit and consulting companies we offer our clients a cost-effective, individualised approach to projects. We’ll work with you to find out what’s really needed and guide you step-by-step—for just some of the journey, or for all of it.

We’re committed to helping financial organisations work more effectively, with greater transparency and a demonstrable integrity that boosts trust—the ultimate currency in business.

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International specialists in financial sector compliance, anti-money laundering & financial crime prevention.

ABOUT OSACO FINANCIAL

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