AML/CFT

Financial regulators have clarified that action will be taken against organizations and individuals that do not introduce effective Anti-Money Laundering (AML) and Combating the Financing Terrorism (CFT) systems and controls. 

Constantly reviewing and improving your AML/CFT policies is also protecting your organizations and critical individuals against criminals, despite the increasingly aggressive actions of regulators.

Assessments and consultancy to Implement new operating models, remediate problems of the past, design and test controls, or transform the culture and capability of the organization through training and awareness is the path to avoid issues due to ALM/CFT. Focus on the improvement of the governance and compliance processes.

Know Your Customer (KYC)

Providing operational KYC support for domestic and foreign financial institutions, which may include:

• Support in the development and implementation of KYC mechanisms, including consulting services covering the formation and modification of internal regulations and processes;
• Operational KYC support, both in Basic Customer Due Diligence and Enhanced Due Diligence, adopts an independent approach with an experienced professional;
• Preparation and execution of dedicated training sessions for employees, with a wide variety of customized training sessions focused on anti-money laundering and financing of terrorism.

Trade Sanctions

A similar AML/CFT approach could be applied regarding Trade Sanctions Compliance.

Sanctions regimes generate risks and compliance challenges for banks, companies, and investors. 

Country-level assessments on the focus, breadth, and enforcement history of sanctions, are incorporated into the CI solutions to be provided; there is the pre-relationship and pre-investment due diligence into the ownership and control of specific entities, their operations and leadership, and any important or higher risk suppliers and clients, including assessments of the vulnerability of an entity or individual of being sanctioned in the near future.