Anti-Money Laundering Compliance AML Compliance for today and beyond Protiviti provides a wide variety of consultative services and AML solutions designed to assist organisations in all aspects of AML/Combating the Financing of Terrorism (CFT) compliance, Know Your Customer (KYC) and Source of Wealth reviews. Assist organisations in all aspects of AML Anti-money laundering consulting Pro Briefcase Design and Implementation of AML/CFT Risk and Sanction Risk Assessments We assist clients with the design and implementation of AML/CFT and sanction risk assessments that are foundational to effective compliance programmes. We also work with our clients to ensure the proper alignment between their risk assessments and their overall AML/ CFT and sanction compliance programmes and to introduce and leverage innovative technologies to improve efficiency. Pro Document Stack Programme Development and Remediation We help clients with the development and/or enhancement of all aspects of their AML/CFT and sanction compliance programmes including, but not limited to, risk strategy and risk appetite statements, policies and procedures, job descriptions, staffing analyses, and board and management reporting. Pro Document Consent AML/CFT and Sanction System Selection, Implementation and Utilisation We assist in the selection of compliance technology systems and tools to support ongoing AML/CFT and sanctions monitoring. This includes vendor review and comparison, assessment of current and future business and functional requirements, data lineage and validation, system optimisation, implementation support, pre-and post-implementation reviews, system validation and overall system project planning and management. Pro Document Files Money Laundering Reviews and Investigations We assist clients in performing regulator-mandated lookbacks and other transaction reviews using our proprietary workflow and data analytics tools. We also identify and transactions in-scope, code the desired rules and scenarios, determine through quantitative and qualitative analysis the appropriate thresholds, and generate alerts, which our investigation specialists review to determine whether any suspicious activity is present. Our clients and as applicable, the AML regulators such as Monetary Authority of Singapore (MAS) are provided complete documentation of the work. Pro Legal Briefcase Compliance We assist financial institutions with all aspects of their Part 504 compliance efforts, from internal training and awareness, programme development, programme management, programme documentation, model validation, data lineage and validation, control testing, and design of certification and sub-certification processes. Pro System Security Independent Testing of AML Programmes We assist internal audit departments in developing comprehensive AML/CFT and sanctions audit programmes, including risk assessments, risk and control matrices, audit work programmes and training for audit teams. We also perform independent testing of existing AML programmes on an outsource or co-source basis and work with or on behalf of internal audit departments to validate actions taken by companies to address regulatory exceptions. Pro Building office Focused Training We assist organisations with the development, implementation and delivery of AML/CFT and sanctions training that is customised to reflect a company’s primary business activities, customer profile, current AML/CFT and sanctions knowledge base and internal procedures. Customised and relevant AML/CFT training provides the basis for a successful AML/CFT and sanctions compliance programme. Pro Rightmark Square AML and Sanctions Model Validation and Optimisation Analytics We work closely with our data and advanced analytics practise to provide our clients with independent model validation for all AML and sanctions related models, perform AML and sanctions model tuning and threshold/matching score setting, provide advanced data validation and AML analytics, advise on scenario and alert optimisation, and assist with transaction monitoring scenario development, testing, and supporting documentation. WHITEPAPER Navigating sanctions compliance through the transition to ISO 20022 The International Organisation for Standardisation’s (ISO) new global messaging standard, ISO 20022, is set to be adopted by payment processing organisations globally by 2025. WHITEPAPER Private Equity and Hedge Funds: Methods of Choice for Money Laundering Threat Actors Private investment funds under management have grown over the past 25 years into a several trillion-dollar industry in the United States. In a leaked Federal Bureau of Investigation (FBI) unclassified but sensitive bulletin, the FBI concludes, with... VIDEO Video: The Money Laundering Risks of E-Commerce Alleged criminals have identified the potential for laundering funds through e-commerce. After all, why would a money launderer hassle with the physical transport of ill-gotten gains or risk dealing with financial institutions with savvy detection... WHITEPAPER Collaboration: The key to better management of cybercrime and financial crime By Carol Beaumier and Bernadine Reese Sharing information and lessons learned has become increasingly critical for the effective management of cybercrime and related financial crime. This need requires financial institutions to rethink how they... INFOGRAPHIC Infographic | Money Laundering Risk in the Consumer Goods & Retail Industry: As E-Commerce Booms, Illicit Acts Flourish Even in the current slow-growth environment, global e-commerce sales in 2022 are expected to exceed $5 trillion for the first time and remain on pace to surge past $7 trillion by 2025.Formoney launderers, the online trading boom has been... WHITEPAPER Navigating the Intersection of ESG and Money Laundering: How Financial Institutions Can Prevent Environmental Crime Environmental protection laws have been in place in many countries for more than 50 years.1,2 The United Nations Environment Programme (UNEP) and the International Criminal Police Organisation (Interpol) have highlighted the rise of environmental... Button Button Leadership Gregor Neveling Gregor is a director with more than 20 years of experience in the financial services industry, both in Europe and Asia. He has extensive experience in corporate, retail and investment banking, wealth and asset management, compliance, AML/CFT, KYC, and risk. He started ... Learn More