Recently featured in Business & Accountancy Daily, Joe Norburn, CEO at TCC Group (TCC & Momenta), highlights how financial crime has evolved beyond a compliance function into a system-wide operational challenge.
As fraud, scams and money laundering become increasingly interconnected, many firms continue to manage risk through fragmented structures, with some teams operating across disconnected processes, data and priorities. Norburn notes that this fragmentation creates operational strain, limiting visibility and slowing firms’ ability to respond when pressure builds.
With the regulator placing emphasis on the Consumer Duty, outcomes and collective defence, firms are expected to move faster, align teams and maintain effective oversight under pressure. Norburn highlights that success will depend on how well organisations connect delivery, governance and controls to operate as a coordinated system.
“Financial crime is no longer just a function to manage, but a system-wide discipline that shapes resilience, trust and long-term competitiveness”.
