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We Help Financial Institutions Build Stronger Compliance Frameworks.

Our Impact | Case Studies in Compliance & Fraud Risk

At FinSafe Consulting, we deliver measurable results in AML/CFT compliance, fraud risk reduction, and regulatory advisory. Explore our case studies to see how we help financial institutions, fintechs, Saccos, and PSPs strengthen controls, reduce risk, and achieve compliance excellence.

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SAMPLE CASE STUDIES

ICPAK Guidelines Implementation for Accounting Firms

Client Type: Accounting & Audit Firms
 Challenge: The client needed to implement ICPAK AML/CFT guidelines and strengthen their internal controls to comply with both local and international standards.

Solution:

  • Conducted a full gap analysis against ICPAK AML/CFT requirements.
  • Developed risk-based policies, procedures, and reporting frameworks.
  • Delivered staff training and MLRO advisory support to build a culture of compliance.

Results / Impact:

  • Achieved full compliance with ICPAK AML/CFT standards.
  • Strengthened internal audit and reporting mechanisms, reducing exposure to regulatory penalties.
  • Enabled successful external inspections and audits, demonstrating robust compliance practices.

Client Type: SACCO / Savings and Credit Cooperative
 Challenge: Limited resources and fragmented controls exposed the SACCO to potential AML/CFT risks across members, products, and digital channels.

Solution:

  • Conducted a comprehensive risk assessment aligned with CBK and SASRA regulations.

  • Designed risk-based policies, procedures, and monitoring frameworks.

  • Delivered board and staff training on financial crime awareness and mitigation.

Results / Impact:

  • Enabled early identification and mitigation of high-risk transactions.

  • Strengthened the SACCO’s internal control and compliance framework.

  • Positioned the SACCO to pass regulatory reviews and audits confidently.

Client Type: Insurance Brokers
 Challenge: IRA mandated all insurance brokers to complete an AML/CFT risk assessment and submit the report by 31st March 2026.

Solution:

  • Conducted a thorough independent risk assessment, covering clients, products, distribution channels, and internal practices.

  • Developed a risk mitigation plan with actionable recommendations.

  • Advised on enhanced due diligence, monitoring, and reporting systems.

Results / Impact:

  • Broker successfully met the IRA 31st March submission deadline.

  • Strengthened compliance controls, reducing financial crime exposure.

  • Provided regulators with documented proof of proactive risk management, improving regulatory confidence.

Client Type: Banks, Fintechs, SACCOs, and PSPs
 Challenge: Regulatory guidelines require an annual independent AML/CFT audit to ensure compliance, with a submission deadline of 31st January 2026.

Solution:

  • Conducted a full-scope AML/CFT audit, testing policies, procedures, and controls.

  • Reviewed transaction monitoring, KYC/EDD processes, and reporting structures.

  • Delivered a board-ready report with remediation recommendations and compliance scoring.

Results / Impact:

  • Client received actionable insights to close compliance gaps and strengthen internal controls.

  • Ensured on-time submission of audit reports to regulators.

  • Improved governance, risk management, and regulatory trust, positioning the client as a model of compliance.