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Industry Experts Launch FCC Solutions Limited to Meet Growing Demand for Financial Crime Compliance Experts in Hong Kong and Asia-Pacific | Business Wire
http://www.businesswire.com/news/home/20150721006755/en/Industry-Experts-Launch-FCC-Solutions-Limited-Meet[23/07/2015 9:09:58 AM]
July 22, 2015 12:32 AM Eastern Daylight Time
HONG KONG--(BUSINESS WIRE)--Demand for financial crime compliance experts in Hong Kong has soared in the lasttwo years, mainly due to more aggressive regulatory supervision and enforcement pushing companies to bolstercompliance.
“There was a huge surge in demand for compliance professionals in 2014 due to regulatory pressures and fines,” saidSuan Wei Yeo, a director at executive search firm Profile Search & Selection. “We see this particularly in high demandareas such as AML and regulatory compliance.”
“The level of demand for skilled and experienced anti-money laundering, sanctions and anti-bribery and corruptionexperts is unprecedented in Hong Kong,” said Scott Williamson, Co-Founder and Managing Director of FCC SolutionsLimited. “Increased regulatory demands have led to international banks vacuuming the market dry of subject matterexperts.”
FCC Solutions is set to address this shortfall, and offers a suite of tailored financial crime compliance services tocorporations, banks and financial services companies.
“We’re able to assist our clients with placing financial crime subject matter experts for short periods of time due toresignation or transfer, assuring a range of financial crime programs and providing outsourced AML compliance adviceand support, where required,” said Gail Cox, Co-Founder and Managing Director of FCC Solutions Limited. “We alsosupply specialist resources for KYC remediation projects, and outsourced customer due diligence and onboardingactivities.”
In its annual salary survey executive search firm Robert Walters found that Hong Kong-based AML professionals arechanging employer for an average 15-20% pay increase, while those that remain gain less than 10%.
“If you’re an asset manager, private equity investment manager or smaller financial services provider why pay a premiumfor financial crime compliance expertise when you can have industry-leading subject matter experts for a fraction of the
Industry Experts Launch FCC Solutions Limited to Meet GrowingDemand for Financial Crime Compliance Experts in Hong Kong andAsia-Pacific
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Industry Experts Launch FCC Solutions Limited to Meet Growing Demand for Financial Crime Compliance Experts in Hong Kong and Asia-Pacific | Business Wire
http://www.businesswire.com/news/home/20150721006755/en/Industry-Experts-Launch-FCC-Solutions-Limited-Meet[23/07/2015 9:09:58 AM]
cost,” said Williamson.
FCC Solutions is a Hong Kong-based management consulting firm focused on providing financial crime compliance riskand advisory solutions. The firm is committed to providing proactive advice extending beyond the theoretical tocommercially practical solutions. For more information please visit: www.fccsolutions.com.hk.
FCC Solutions LimitedScott Williamson, [email protected]
FCC SOLUTIONS LIMITED
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