Financial Crime Risk

As part of JMI Brokers Risk Management Framework, the business is independently assured by internal audit. Independent compliance monitoring, risk reviews, and risk and control self-assessments, complement the integrated assurance program. These measures ensure effective identification, management, and reporting of risks

Continuous enhancements to the Risk Management Framework and governance are made to provide a structured approach to identify and manage risks, aligning with the Group's current operations, aspirations, and diversification goals. The Board annually conducts a rigorous assessment of the principal risks facing the Group.

Market Risk Management: The Corporate’s regularly reviews its risk management practices to ensure they are optimized for efficiency

Financial crime risk
Ensuring that our platforms and products are not used for the purpose of money laundering,sanctions evasion or terrorism financing

Management and mitigation Adherence with applicable laws and regulations regarding anti-money laundering (“AML”), counter terrorism financing(“CTF”),sanctions and anti-bribery and corruption is mandatory and fundamental to our AML/CTF framework.

We have strict and transparent standards, and we continuously strengthen our that our processes to ensure compliance with applicable laws and regulations.JMI reserves the right to reject any client, payment, or business that is not consistent with our risk appetite

Ensuring Ongoing Success through Effective Risk Management.

The continuous success of the Group is contingent upon the implementation of effective risk management practices, ingrained throughout the organization. This approach guarantees the identification and proficient management of key risks to uphold the overall resilience of the Group.

The corporate's Exposure to Inherent Risks

The business activities of the Group naturally expose it to strategic, financial, and operational risks inherent in the nature of the undertaken business. This exposure extends to the financial, market, and regulatory environments within which the Group operates. Acknowledging the intricacies of these risks, the Group recognizes the importance of comprehending and managing them. It acknowledges the impossibility of capping or limiting all potential risks but emphasizes that effective risk management is instrumental in maintaining these risks at acceptable levels.

The ultimate responsibility for implementing an appropriate risk strategy lies with the Board, facilitated through its Group Risk Committee. This strategy is realized through the utilization of an integrated Risk Management Framework.

The key components of the Risk Management Framework include:

Identifying, Evaluating, and Monitoring Principal Risks: This involves a systematic process to identify, evaluate, and continuously monitor the primary risks to which the Group is exposed. This proactive approach ensures a comprehensive understanding of potential threats.

Setting Board Risk Appetite:
Defining the risk appetite of the Board is crucial for aligning risk management with the overarching strategic objectives of the Group. This step establishes the boundaries within which risk-taking aligns with the Board's strategic vision.

Establishing and Maintaining Governance, Policies, Systems, and Controls:

The Risk Management Framework is instrumental in creating and sustaining effective governance structures, policies, systems, and controls. These elements collectively ensure that the Group operates within the predefined risk appetite, providing a structured and controlled environment for operations.

The Board has established a governance structure tailored to the operations of an online retail financial services group, aligning it with the delivery of the Group's strategic objectives, including diversification into non-leveraged businesses. This structure undergoes regular reviews and monitoring, with any changes subject to Board approval. Additionally, management consistently evaluates processes and procedures to embed strong corporate governance throughout the Group.