What is banking compliance and why is it important?

Banking compliance refers to the process and controls that banks put in place to ensure they adhere to applicable laws, regulations, and industry standards. It is crucial to manage legal risk, build trust with regulators, and maintain operational integrity.

Which regulations are applicable to banks in the UK?

In the UK, banks must comply with regulations such as the Financial Services and Markets Act, Prudential Regulation Authority (PRA) rules, Financial Conduct Authority (FCA) regulations, anti‐money laundering (AML) laws, and data protection requirements.

Do you assist with obtaining banking licences and regulatory authorisations?

Yes. ABM Global Compliance provides support throughout the process of obtaining banking licences and regulatory authorisations, including preparing documentation, liaising with regulators, and ensuring ongoing compliance.

What is involved in a banking compliance audit?

A banking compliance audit involves reviewing policies, systems, and practices to identify gaps in regulatory compliance; assessing risk exposure; and recommending corrective actions to ensure full compliance with applicable regulatory standards.

How can strategic compliance solutions help my bank?

Strategic compliance solutions help banks align their compliance frameworks with business goals, implement robust systems for risk mitigation, and stay ahead of regulatory changes to avoid fines and reputational damage.

How do you monitor changes in banking regulation?

ABM Global Compliance tracks regulatory updates from bodies such as the FCA, PRA, and other relevant international regulators and reviews internal policies accordingly; we also provide advisory services to adapt to new requirements quickly.

Is there ongoing support after compliance frameworks are set up?

Yes. We offer ongoing monitoring, periodic reviews, staff training, compliance reporting, and adjustments to your framework as regulations evolve.

How do I start working with ABM Global Compliance for banking services?

You can contact us via phone at +44 207 515 7080 or email info@abmglobalcompliance.com/es. We begin with a discovery call to understand your needs, then propose a tailored compliance plan.

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Designing Comprehensive Compliance Frameworks for Banks

ABM develops robust compliance frameworks for Estonian banking institutions, aligning with requirements from the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon), the Bank of Estonia (Eesti Pank), and EU prudential and conduct regulations. Our frameworks cover corporate governance, operational and conduct risk management, AML/CTF controls, credit risk, outsourcing compliance, and data protection (GDPR). We integrate automated monitoring and reporting solutions to ensure scalable, real-time compliance oversight.

AML/CTF Program Development & Reviews

We design and review AML/CTF programs in compliance with the Estonian Money Laundering and Terrorist Financing Prevention Act, EU 5AMLD/6AMLD, and FATF standards. Our services include customer due diligence (CDD), enhanced due diligence (EDD) for high-risk clients, sanctions and politically exposed person (PEP) screening, transaction monitoring, and suspicious transaction reporting to the Financial Intelligence Unit (FIU). Independent program audits and gap analyses ensure readiness for FIU and Finantsinspektsioon inspections.

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Regulatory Licensing & Advisory for Banks

ABM advises on obtaining and maintaining Estonian banking licences under the Credit Institutions Act. We assist with new licence applications, amendments, and ongoing regulatory submissions to Finantsinspektsioon and Eesti Pank. For foreign bank branches, we provide strategic guidance on cross-border licensing and compliance under the EU passporting framework.

Outsourced Compliance Functions

We provide outsourced roles such as Compliance Officer, Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO) — managing day-to-day compliance, FIU reporting, and board-level governance updates. This ensures cost-efficient, high-quality compliance management without the expense of maintaining a full internal team.

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Training & Capacity Building

Our banking compliance training covers AML/CTF obligations, prudential standards, GDPR compliance, and governance best practices. We use interactive case studies, scenario workshops, and e-learning to embed compliance culture across all organisational levels.

Internal Audit & Regulatory Readiness Reviews

We conduct internal audits and mock inspections to test compliance with the Credit Institutions Act, AML laws, and EU prudential rules. Our audits provide actionable recommendations to strengthen regulatory preparedness and operational resilience.

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Cross-Border & Global Banking Compliance

For Estonian banks operating internationally, ABM helps align with FATCA, CRS, and global AML standards, ensuring consistent compliance across multiple jurisdictions while meeting domestic obligations.