Recently featured in Business & Accountancy Daily, Joe Norburn, CEO at Recordsure, highlights that financial crime risk is being amplified by fragmented oversight and disconnected controls.
As fraud, scams and money laundering become more complex and interconnected, many firms continue to manage risk across multiple systems, teams and data sources. Joe notes that this fragmentation reduces visibility, making it harder to identify risks early, monitor control effectiveness and evidence outcomes clearly.
With the FCA focusing on the Consumer Duty and demonstrable outcomes, firms are expected to show how controls operate in practice, not just on paper. Joe highlights that organisations need consistent oversight to strengthen detection, monitoring and decision-making.
“Financial crime is no longer just a function to manage, but a system-wide discipline that shapes resilience, trust and long-term competitiveness”.
