Heightened government scrutiny. New corruption and money laundering risks. Coordinated global enforcement. The need to collect and analyze ever-increasing volumes of data. The financial services industry is tackling a rapidly growing list of business challenges.
Enter StoneTurn’s Financial Services team. We help banks, broker-dealers, asset managers and insurance companies manage risks, improve controls, respond to regulatory inquiries, and investigate alleged fraud and misconduct. We also serve as trusted monitors, independent compliance consultants, and forensic advisers to global and regional investment banks and other financial services firms.
Our experts are alumni from more than 25 of the world’s largest financial services institutions, former regulators, federal prosecutors and Big Four auditors. We draw upon this highly specialized experience, as well as our work for financial services clients around the globe, to offer pragmatic advice and proven insights in both proactive and reactive matters.
Turn to us when:
- A regulator plans a review of your financial crime or conduct risk programs
- A merger or acquisition adds another layer of complexity to your compliance program and/or internal controls
- A risk assessment reveals inconsistencies and gaps in the controls framework or, a need to test the efficacy of internal controls
- Your financial institution’s transaction monitoring system produces too many false positives
- Your team faces a backlog of suspect transactions for review
- Allegations of market manipulation, fraud and/or insider trading arise
- You have concerns about third-party vendors
How We Help
Anti-Money Laundering and Sanctions Compliance
StoneTurn’s experts in Know Your Customer, ongoing and enhanced due diligence, transaction monitoring, and customer risk ratings help FIs design, implement and test anti-money laundering controls. Our professionals also help organizations understand and comply with sanctions, embargoes, tariffs, and other trade controls in countries around the world.
Internal Investigations, Government Inquiries and Regulatory Exams
Our financial services and financial regulator alumni help small, medium, and large institutions build and maintain effective regulatory compliance programs in banking and securities. We assist in-house teams in preparing for and navigating government inquiries and regulatory exams. When a government inquiry suggests an underlying issue, we help firms and their counsel conduct thorough investigations, enabling proactive cooperation with regulatory and prosecutorial agencies.
Anti-Corruption
StoneTurn’s professionals help companies around the world manage anti-corruption risk by designing and implementing relevant controls, policies and training and by performing holistic third-party due diligence. Our experienced forensic accountants conduct robust investigations of bribery allegations and other corrupt practices. Post-investigation, we assist clients with root cause analyses and controls assessments and help modify supporting policies, guidance, and detective controls.
Remediate and Monitor
Our experts work with organizations to remediate compliance programs after misconduct is discovered so wrongdoing does not recur. We serve as court- and government-appointed monitors to oversee and assess the design and implementation of effective policies and controls. When anticipating regulatory or prosecutorial action, financial institutions engage StoneTurn proactively as remediation consultant to demonstrate the firm is “a step ahead” in fixing what went wrong.
Data Analytics
StoneTurn’s experts evaluate, format and structure large amounts of information from multiple structured and unstructured data sources to help our clients understand relationships, trends and outliers. We also analyze the results of detective controls to timely assess and identify exceptions and trends.
Valuation Services
The StoneTurn team assesses pricing methodologies for reasonableness and consistency, analyzes pricing for variabilities, outliers, and other indicators of risk, as well as reviews operational processes, internal controls, and training for pricing procedures. If allegations of securities fraud, market manipulation, breach of fiduciary duty and/or insider trading arise, our experienced economists analyze complex claims under SEC Rule 10b-5 or ERISA, evaluate class action damage claims, or provide portfolio valuations.
Construction Loan Portfolio Advisory
Our team of experts assist financial institutions in evaluating current exposure to construction loan risks and provide current state assessments related to the value and timing of projects. Our Construction & Real Estate professionals have deep expertise evaluating a project’s financial stability and structure, and are adept at assessing construction loans to understand the feasibility and forecasts of a project to meet the performance metrics required by the lending institution. Our “hands-on” construction industry experience, project management approach, forensic accounting, and construction audit professionals proactively develop customized strategies that directly address project and financial risks.
Our Experience
- Select Cases
