Recently featured in Business & Accountancy Daily, Joe Norburn, CEO at TCC Group (TCC, Recordsure and Momenta), highlights that financial crime is no longer just a compliance issue but a system-wide risk shaping resilience and trust.
As fraud, scams and money laundering become more interconnected, firms may still be responding through fragmented operating models, with responsibility split across teams, systems and data. Joe notes that this fragmentation is now a risk in itself, creating gaps in visibility, weakening controls and slowing response.
With the FCA emphasising collective defence, the Consumer Duty and outcome-focused regulation, firms are expected to move beyond siloed controls and demonstrate enterprise-wide oversight. Joe highlights that the firms best positioned to respond will be those that connect governance, technology and operations to create a clear, consistent understanding of risk.
“Financial crime is no longer just a function to manage, but a system-wide discipline that shapes resilience, trust and long-term competitiveness”.