Anti Money Laundering (AML) Compliance

We assist clients with the design and implementation of AML/CFT and sanction risk assessments that are foundational to effective compliance AML 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.

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.

Even in non-crisis periods, credit losses cost organisations tens of billions of dollars annually. These costs can intensify with sub-optimal and ineffective methodologies, processes, and technology. Protiviti’s credit risk consultants help many of the world’s leading organisations reduce costs and improve returns while matching credit risk strategies to our clients’ risk appetites.

Using our proprietary workflow & data analytics tools, we assist clients in performing regulator-mandated lookbacks & other transaction reviews. We also identify & transactions in-scope, code the desired rules and scenarios, determine through quantitative & qualitative analysis the appropriate thresholds, & generate alerts, which our investigation specialists review to determine whether any suspicious activity is present. Our clients and as applicable, the regulators are provided complete documentation of the work.

We can assist covered New York State-regulated financial institutions with all aspects of their Part 504 compliance efforts, from internal training & awareness, programme development, programme management, programme documentation, model validation, data lineage and validation, control testing, & design of certification & sub-certification processes.

We assist internal audit departments in developing comprehensive AML/CFT & sanctions audit programmes, including risk assessments, risk & control matrices, audit work programmes & training for audit teams. We also perform independent testing of existing AML programmes on an outsource or co-source basis & work with or on behalf of internal audit departments to validate actions taken by companies to address regulatory exceptions.

Customised & relevant AML/CFT training provides the basis for a successful AML/CFT & sanctions compliance programme. We assist organisations with the development, implementation & delivery of AML/CFT & sanctions training that is customised to reflect a company’s primary business activities, customer profile, current AML/CFT & sanctions knowledge base & internal procedures.