Anti-money laundering compliance

Our AML Compliance unit assists organisations by offering tailored support and solutions to meet their regulatory requirements. Our team includes Certified Anti-Money Laundering Specialists (CAMS) with extensive experience in the AML/CFT area.

Organisations need to develop a robust regulatory compliance function in order to achieve their business objectives. This should include strong AML/CFT policies and procedures commensurate with the company’s risk appetite and the level of risks that it is exposed to, whilst meeting the stringent regulatory obligations.

Furthermore, a strong compliance culture will promote the effective implementation of policies and procedures and ensure a tight control framework. This will help protect the organisation from any risks should it be targeted by criminals or terrorists.

With hefty fines being applied by the financial authorities for AML non-compliance, being on top of your game, and having the necessary internal controls to ensure that you are in line with regulatory requirements, will allow your firm to safeguard its reputation and preserve its financial stability.

Our Approach

Over the past years, we have worked closely and cooperated both with the competent authorities, as well as various business entities, to deliver effective solutions in managing risks relating to non-compliance with financial regulations. Our team includes Certified Anti-Money Laundering Specialists (CAMS) with extensive experience in the AML area.

Working within an environment experiencing unprecedented levels of disruption while being subject to a stringent regulatory scenario is challenging for any firm. That is when you realise how important it is to be able to rely on a trusted partner.

Our Services

Development of AML frameworks

Independent assessment of AML frameworks

AML Remediation plans

Business Risk Assessment (BRA)

Our AML compliance service offering includes the following services:

Developing fully compliant anti-money laundering (AML) frameworks
Assisting in the preparation or updating of the business risk assessment
Formulating policies and procedures to match best practice and regulatory requirements
Independent and objective testing, reviews, and assessments of AML control frameworks or specific high-risk areas
Assistance in the completion of the Risk Evaluation Questionnaires

Assistance with responding to regulatory requests
Preparation and assistance in the implementation of remediation plans
Customer File Risk and Due Diligence Reviews
MLRO mentoring and support
Bespoke assistance and support in reviewing and updating customer due diligence files
Investigation or assistance thereon of suspicious customer behaviour and activity
Tailored-made training programmes designed for all levels (directors, c-level management, MRLO, staff)

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Our AML solutions

AML frameworks

A robust AML framework is an essential element that subject persons must implement to protect their operations from being used by criminals.

Independent assessment of AML frameworks

Carrying out an independent assessment of your AML framework, other than satisfying legal obligations, will also provide you with peace of mind that it is adequately designed and effectively implemented to sufficiently mitigate risks faced by the entity.

Business risk assessment (BRA)

The Business Risk Assessment (BRA) allows the subject person to ensure that the current business model is in line with its risk appetite. In order to be effective, it must be drawn up using reliable quantitative and qualitative data and be regularly revised.