1. Prevention of Money Laundering & Terrorist Financing
Regulatory requirements in the field of anti-money laundering and counter terrorist financing (AML/CFT) have been recently extended and are being tightened by the new regulations.
To ensure compliance with the relevant AML regulations, we can assist you with the following:
Regulatory compliance checks:
Overall AML/CFT risk assessment;
AML/CFT Risk Threat Analysis;
Review of currently established AML/CFT and KYC policies, and providing of recommendations based on market best practices;
Sanctions compliance (EU, OZN, OFAC, etc.)
AML/CFT compliance Due Diligence (in case of mergers & acquisitions);
AML/CFT Trainings for AMLOs and employees;
Assessment of effectiveness of AML/CFT transaction monitoring tool (scenarios testing) and assistance in development of predictive model for alert scoring;
Sanction screening model validation (validation of imported data, functional testing of the model’s suspicious activity detection rules & scenarios, sanctions screening configuration, analysis of model’s thresholds).
2. Financial Crimes Compliance
The financial services industry continues to face significant scrutiny from global regulators over AML, Sanctions and Fraud processes, systems and controls. We have created multiple service offerings which cover all main needs of financial institutions in this sphere:
Risk Assessment: determining your Financial Crime risk exposure for a more focused risk mitigation approach
Financial Crime Program Assessment: understanding the current state and maturity of your Financial Crime programs
Target Operating Model: designing your desired Financial Crime framework
Financial Crime Due Diligence: financial crime due diligence on acquisition targets, assessment of soundness of AML framework, assessment of sanction risks, review of open regulatory topics, preparation of post-acquisition integration plan
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