Having an effectively designed and risk-based Anti-Money Laundering program is a critical step in protecting your firm's reputation and ensuring compliance with U.S. and International AML regulations.
Evaluate inherent AML risks
Assess Customer Identification and Know Your Customer due diligence procedures and recommend risk-based improvements
Review high risk client identification and enhanced due diligence processes
Assess suspicious activity identification and reporting protocols
Review or conduct AML risk assessments and recommend risk mitigation strategies
Review or conduct AML audits to ensure compliance with regulations
Review AML policies/manuals and propose enhancements
Evaluate effectiveness of AML training and recommend enhancements
Sanctions Compliance
U.S. and other international sanctions laws have become increasingly broad requiring firms to ensure they identify sanctions risk and deploy robust controls to prevent engaging with parties or conducting transactions in violation of sanctions laws.
Evaluate sanctions-related inherent risks involving clients, counterparties and transactions
Assess sufficiency of screening protocols including IP/Geo-location data controls to prevent access by persons in sanctioned countries
Identify potential indirect sanctions risk that can arise when dealing with international clients and third parties
Review sanctions policies and procedures and propose enhancements
Review or conduct sanctions risk assessments and recommend risk mitigation strategies
Anti-Bribery and Corruption
Whether you are subject to the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act, or other international anti-bribery and corruption laws ("ABC"), regulators expect firms to have robust policies, procedures, and controls over offering, giving, or receiving improper advantages to win public and private sector business.
Identify risks relating to gifts, entertainment and other items of value involving a public official or other party
Assess due diligence of clients and third parties to identify ABC risks and propose enhancements
Evaluate processes over new hires to avoid conflicts or other risks
Review or conduct ABC risk assessments and recommend risk mitigation strategies
Review ABC policies and procedures and propose improvements
