Financial Crime Prevention Working Group

Industry challenge

Reducing financial crime remains a top priority for the UK government and regulators. Fraud against individuals and businesses is the largest crime type in the UK.  Technology, as well as creating efficiency opportunities for firms, allows criminals to deploy increasingly sophisticated and innovative attacks. Accordingly, firms need to ensure their anti-financial crime systems and controls are not only robust, but continually evolve to meet these changing and growing threats.

Group purpose

The purpose of the TISA Financial Crime Prevention Working Group is to address the challenges faced by firms in administering measures to counter money laundering, terrorist financing, financial and trade sanctions, bribery, corruption, fraud, tax evasion and other relevant anti-financial crime legislation. It is designed to serve the needs of those individuals and organisations interested in the issues surrounding matters where best operating and technical practice can be shared, and common challenges debated.

It acts as a focal point for TISA about the operational aspects of issues relating to financial crime measures, including technical and regulatory matters, which specifically impact on firm’s administration and procedures. 

The group may also formulate, and pursue, strategic initiatives related to financial crime prevention designed to bring about or facilitate beneficial change. TISA works closely with the FCA, City of London Police, HM Treasury, JMLSG and the UK Government. 

Area of Focus

• Formulate and pursue TISA initiatives related to financial crime designed to facilitate beneficial change or to share best practice
• Provide a meeting point where best operating and technical practice can be shared, and common challenges debated
• Engaged in drafting additional sections for inclusion in TISA’s Financial Crime Prevention Best Practice Guides. Currently the group is working on two additional new sections – business-wide risk assessments and use of financial crime technology
• The most recent TISA Financial Crime Conference was held in May 2026, where the Deputy Director for OFSI at HM Treasury delivered a keynote presentation focused on OFSI’s three year strategy
• TISA is engaging with other trades bodies to support those member firms that are continuing to experience challenges with Luxembourg’s due diligence requirements
• TISA recently responded to the UK government’s consultation on digital identities, noting how this could enable further innovation within financial services
• On behalf of member firms, TISA is also partnering with other UK trade bodies to agree how best financial crime intelligence can be shared, in line with flexibility available via the Economic Crime and Corporate Transparency Act, 2023

A J Bell
Aberdeen Group
Adempi Associates LLP
Aegon UK PLC
Allfunds Bank S.A.U
Aviva Plc
Bank of Ireland
Baringa Partners LLP
Capital Group
Digital Moneybox
Ernst & Young
Fidelity International
Fluro
FNZ
Folk2Folk
Forester Life
Freetrade Limited
GoHenry Limited
Hargreaves Lansdown
Interactive Brokers (U.K.) Limited
Invesco
James Hambro & Partners LLP
Kroll
Legal & General
LexisNexis Risk Solutions
LV=

M&G Investments
Margetts Fund Management Ltd
Marlborough Group
Northern Trust
Nucleus Financial Group
One Savings Bank
Orbis Investments (U.K.) Limited
Parmenion Capital Partners LLP
Platform One Limited
Quilter PLC
Rathbone Group
RBC Brewin Dolphin
Santander UK Plc
Seccl Custody Limited
Sentinel Portfolio Management
Seven Investment Management
Simmons & Simmons
SS&C
Square 4 Partners Ltd
T Rowe Price
T. Rowe Price UK Limited
Thesis Asset Management
Trading 212 UK Ltd
Upvest Securities Ltd
WealthKernel Limited
Yealand Fund Services Limited

Steve Latto, Policy Executive
leads on this work

Chair: Brian Swainston, Fidelity

Deputy Chair: Rob O’Sullivan, Freetrade

Publications

News