Anti-Money Laundering Consulting

Anti-Money Laundering Consulting

Design and Implementation of AML/CFT Risk and Sanction Risk Assessment

We assist clients with the design and implementation of AML/CFT and sanction risk assessments that are foundational to effective compliance programs. We also work with our clients to ensure the proper alignment between their risk assessments and their overall AML/ CFT and sanction compliance programs.

 

Program Development and Remediation

We help clients with the development and/or enhancement of all aspects of their AML/CFT and sanction compliance programs including, but not limited to, risk strategy and risk appetite statements, policies and procedures, job descriptions, staffing analyses, and board and management reporting.

 

AML/CFT and Sanction System Selection, Implementation and Utilisation

We assist in the selection of compliance technology systems and tools to support ongoing AML/CFT and sanctions monitoring. This includes vendor review and comparison, assessment of current and future business and functional requirements.

 

Money Laundering Reviews and Investigations

We assist clients in performing regulator-mandated lookbacks and other transaction reviews using our proprietary workflow and data analytics tools. We also identify transactions in-scope and code the desired rules and scenarios.

 

DFS Part 504 Compliance

We assist covered New York State-regulated financial institutions with all aspects of their Part 504 compliance efforts, from internal training and awareness, program development, program management, program documentation, model validation, data lineage and validation, control testing, and design of certification.

 

Independent Testing of AML Programs

We assist internal audit departments in developing comprehensive AML/CFT and sanctions audit programs, including risk assessments, risk and control matrices, audit work programs and training for audit teams. We also perform independent testing of existing AML programs on an outsource or co-source basis.

 

Focused Training

We assist organizations with the development, implementation and delivery of AML/CFT and sanctions training that is customized to reflect a company’s primary business activities, customer profile, current AML/CFT and sanctions knowledge base and internal procedures.

 

AML and Sanctions Model Validation and Optimisation Analytics

We work closely with our data and advanced analytics practise to provide our clients with independent model validation for all AML and sanctions related models, perform AML and sanctions model tuning and threshold/matching score setting, provide advanced data validation and AML analytics.