AML (Anti-Money Laundering) Compliance Reviews

Our consultancy offers AML (Anti-Money Laundering) review services to financial institutions to ensure their compliance with regulatory requirements and prevent money laundering activities. 

Our team of experienced consultants conducts a comprehensive review of your institution's AML policies, procedures, and implementation to identify any areas of weakness or non-compliance.

We assess customer due diligence, transaction monitoring, and reporting processes to ensure they meet regulatory standards. Additionally, we evaluate internal controls and provide recommendations for improving AML compliance.

Our AML review services aim to help your financial institutions mitigate the risk of money laundering and maintain compliance with regulatory requirements. We strive to provide tailored solutions that meet our clients' unique needs and help them achieve their AML compliance goals.

Some key activities that we undertake as part of an AML review for a client are as follows:

• Conduct a comprehensive assessment of the institution's AML policies and procedures to ensure compliance with regulatory requirements.

• Evaluate the effectiveness of the institution's AML program implementation in practice.

• Review the institution's customer due diligence process to ensure it meets regulatory requirements and industry best practices.

• Analyse the institution's transaction monitoring and reporting processes to identify potential red flags and suspicious activities.

• Assess the institution's internal controls and provide recommendations for strengthening AML compliance measures.

• Provide guidance and training to the institution's staff on AML compliance best practices.

• Develop a customised AML compliance plan that addresses the institution's specific needs and regulatory requirements.

• Assist with regulatory reporting and responding to any regulatory inquiries or audits related to AML compliance.