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/pk. 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 Global Compliance develops and implements robust, end-to-end compliance frameworks specifically tailored to Pakistani banking institutions. Our frameworks align with key regulatory requirements from the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and Financial Monitoring Unit (FMU) under Pakistan’s Anti-Money Laundering Act (AMLA) 2010.

We cover governance structures, conduct and operational risk management, AML/CFT controls, credit risk policies, and third-party outsourcing compliance. Our approach integrates automated monitoring and reporting tools for real-time risk assessment and ensures scalable, resilient compliance systems.

AML/CFT Program Development & Reviews

We assist banks in designing and enhancing AML/CFT programs in accordance with AMLA 2010, FMU regulations, SBP Prudential Regulations, and FATF standards. Services include customer due diligence (CDD), enhanced due diligence (EDD), sanctions and PEP screening, transaction monitoring frameworks, and suspicious transaction reporting (STRs). ABM conducts independent program reviews, gap analyses, and remediation planning to ensure readiness for SBP and FMU inspections.

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Regulatory Licensing & Advisory for Banks

ABM provides expert advisory for obtaining and maintaining banking licences under the Banking Companies Ordinance 1962 and SBP licensing framework. We assist with applications for new banking licences, branch expansions, digital banking licences, and ongoing compliance submissions to SBP and SECP. For foreign bank branches, we advise on local licensing obligations and cross-border compliance considerations.

Outsourced Compliance Functions

ABM offers outsourced compliance roles including Chief Compliance Officer (CCO), Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO). We handle day-to-day compliance monitoring, STR reporting to FMU, governance updates, and board advisory support—ensuring cost-effective, high-quality compliance operations.

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Banking-Specific Training and Capacity Building

We deliver targeted training programs for compliance teams, operational staff, and senior executives on SBP Prudential Regulations, AMLA 2010 compliance, risk management, sanctions screening, and corporate governance. Using workshops, scenario-based learning, and e-learning modules, we strengthen compliance culture and governance.

Internal Audit & Regulatory Readiness Reviews

ABM conducts full-scope internal audits and mock inspections to assess compliance with SBP, SECP, and FMU requirements. Our audits test key controls around KYC, AML/CFT, operational risk, market conduct, and governance frameworks, providing actionable recommendations for regulatory readiness.

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Cross-Border & Global Banking Compliance

For Pakistani banks with cross-border operations, ABM offers advisory services for FATCA, CRS, and international AML/CFT standards. We support group policy harmonisation, regulatory reporting, and coordination with foreign regulators.