Anti-money Laundering/Combatting the Financing of Terrorism/Counter
Proliferation Financing Compliance Programs (AML/CFT/CPF)
We conduct independent reviews and risk assessments to fully understand the money laundering/terrorist financing/proliferation financing (ML/TF/PF) and other financial crimes risk exposures of financial institutions. This helps to determine whether the risks are sufficiently managed through effective implementation of adequately designed internal controls.
We assess the inherent ML/TF/PF risk profile of the financial institution, evaluate its AML/CFT/CPF control maturity, provide a view as to its design adequacy relative to the institution’s risk profile, verify the existence of key controls, and conduct sample-based control and transaction testing to assess the effectiveness of primary AML/CFT/CPF preventative and detective controls.
We prepare gap examination and ML/TF/PF risk assessment reports, updates AML/CFT/CPF policies and procedures, compliance monitoring tools, and conducts staff training. Findings are presented to senior management and the Board.
We conduct global sanctions risk assessment and review of an institution’s sanctions compliance program. The process involves reviewing existing sanctions policies and processes, developing a sanctions grid, and updating the sanctions compliance framework.
We assess an institution’s capacity to meet the requirements of correspondent banks and compliance with international standards, including those published in the Wolfsberg Group Financial Crime Principles for Correspondent Banking.
