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Three lines of defence are key to compliance in 2024 

Companies shouldn’t let a challenging economy undermine compliance, risking commercial and reputational damage. 

Sheree Howard, Executive Director of Risk and Compliance Oversight at the FCA, reiterated the need for three lines of defence in risk and compliance, adding that a “separate but cohesive” approach was vital for robust risk management in a difficult economic climate. 


In January 2024, Ocorian and Newgate Compliance commissioned an independent survey on the three lines of defence in risk and compliance strategies. Our research findings have been compiled into a three-part report, examining the integration of these strategies into anti-money laundering (AML), compliance, and governance infrastructure, exploring the hows and whys.


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Fill in our form to download part one today and receive part two and three as they launch: 

Take a look at our research findings as they become available below:

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Three lines of defence are key to compliance in 2024 

Why a robust risk and compliance strategy is more important than ever to unlock value.

Read More

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Alternative fund managers face growing threat from money laundering risks

Alternative fund managers are concerned about the growing threat they are facing from money laundering risks. 

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Rising anti-money laundering risks highlight need for three lines of defence

Our findings reveal that financial crime teams are under resourced, and this is creating additional risk to firms. 

Read More


Compliance & regulatory services 

  • Anti money laundering (AML)
  • Compliance monitoring
  • Regulatory reporting
  • Regulatory health checks
  • Data protection & GDPR services
  • Financial crime
  • Board evaluation services
  • Compliance consulting
  • Regulatory authorisation support
  • Regulatory hosting services
  • Compliance & regulatory training  

 

Get to know Ocorian & Newgate Compliance

Newgate Compliance is Ocorian’s independent risk and compliance subsidiary consultancy. 

We help businesses create robust frontline processes and procedures (line one), and work with you to create a comprehensive oversight function (line two). As businesses grow, we can advise on the level of oversight needed to demonstrate a risk-based approach to local and global regulators. We also carry out audits of your risk and compliance functions (third line) on a variety of matters for clients. We have been supporting firms globally for over ten years whether it’s the first, second or third lines of defence they need assistance with.

Speak to the experts to learn more about our risk and compliance offering:

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Joe French
Managing Director - UK

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Alison Dodd
Head of Sales - Guernsey

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Cilla Torode
Head of Relationship Management - Guernsey