Anti-Money Laundering (AML) – Know Your Client (KYC)
Money laundering and related financial crime risks remain a central concern for regulated businesses. To address these risks, we provide a comprehensive suite of AML compliance services, ranging from policy reviews to specialist training, designed to help institutions meet their statutory and regulatory obligations with confidence.
Policy & Procedure Reviews
We conduct independent examinations of your existing anti-money laundering policies and procedures, identifying deficiencies and recommending improvements to ensure alignment with applicable regulatory requirements and industry best practices.
Our approach goes beyond simply reviewing written guidelines. We assess actual practices on a case-by-case basis, and assist in defining clear and practical Know Your Client (KYC) and Know Your Client’s Business (KYCB) criteria.
Our approach goes beyond simply reviewing written guidelines. We assess actual practices on a case-by-case basis, and assist in defining clear and practical Know Your Client (KYC) and Know Your Client’s Business (KYCB) criteria.
Our Expertise Includes
- Policy and Manual Review / Development
Reviewing internal AML manuals or assisting in the design of new policies and procedures. - Onsite AML Reviews
Conducting in-depth testing and assessments of existing AML controls. - Client Suitability and Risk Profiling
Advising on frameworks to assess client suitability, investment appropriateness, and risk ratings. - Name Screening and Sanctions List Checks
Providing support for screening clients against global sanctions and watchlists. - AML Institutional Risk Assessment (IRA)
- Licensed corporations are required to review their IRA at least once every two years, or more frequently upon trigger events that materially impact business operations or risk exposure.
- We assist licensed corporations in conducting IRAs by providing structured questionnaires, followed by an IRA report with key findings and recommendations for review and approval.
Training & Implementation Support
Compliance effectiveness depends on people. We therefore provide specialist AML/KYC training and staff assessments, ensuring employees understand and correctly implement AML procedures in practice, and most importantly, that they fulfil their regulatory obligations.
Our goal is to deliver an AML framework that is robust, practical, and defensible under regulatory scrutiny.
