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SERVICES
Services
» Anti-Money Laundering and Counter Terrorist Financing
» Compliance
» Corporate Legal and Regulatory
» Other Risk Areas
» -Contracts
Solutions
» Risk Management System
» In-house Financial Intelligence Unit (FIU)
» Open Source Intelligence Solutions
Anti-Money Laundering and Counter Terrorist Financing
- Create and implement a Financial Intelligence Units within financial institutions as a complement to AML/CTF departments
- Implement Anti-Money Laundering and Terrorist Financing Department into Banking and Non-Banking Institutions
- Review Compliance and Anti-Money Laundering and Terrorist Financing departments and programs so as to provide a complete assessment and issue recommendations for proper operation
- Provide counsel around required quality of Unusual and Suspicious Activity Reports and Currency Transaction Reports to be submitted to the Financial Intelligence Unit of the relevant country
- Provide advice on the operation and enhancement of suspicious activity monitoring tools
- Develop a robust risk-based Customer Identification and Verification Program (Know Your Customer) for financial institutions and other private companies and governmental bodies
- Develop centralization and digitization processes for customer account opening documentation and for the proper completion of customer files
- Design and implement a risk-based AML/CTF Program. Training needs vary from company to company; therefore, we create tailored training material covering immediate needs
- Prepare Risk charts
- Conduct Internal Audits to ensure proper compliance with applicable regulations
- Appropriately prepare and implement Codes of Conduct, Manuals, Internal Policies, and Circulars
- Prepare e-learning AML/CTF Training Programs to be delivered to all staff of the company
- Perform Due Diligence to identify the company’s customers, subsidiaries, suppliers, brokers, employees, etc.
- Make recommendations on actions to be taken to remediate findings issued by internal and external auditors, and competent Authorities
- Make visits to the company’s customers or correspondent banks, particularly to those posing a higher risk
- Provide advice to governments on the enactment of AML/CTF Laws, rules and regulations
- Provide advice on account activity monitoring systems
- Conduct Mystery-shopper exercises to measure compliance programs in accordance with local and global regulatory requirements, depending on each context
- Develop a Customers, Suppliers and Employees Identification Program
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