Financial Crime Compliance

Financial Crime Compliance

Financial Crime Compliance


​Anti-Money Laundering, Counter-Terrorist Financing and Anti-Bribery & Corruption

The complex nature of financial services combined with an increasingly global economy makes financial crime compliance overwhelming at the best of times. In the context of increased regulation and public scrutiny, organisations struggle to make risk based decisions that effectively and efficiently mitigate their financial crime risks.


Whether it’s assessing the financial crime risks specific to the organisation, implementing new global standards or performing remediation projects, Protiviti has supported a wide variety of large global banks and other financial institution in understanding their risk exposure and maximizing the efficiency and effectiveness of their Financial Crime Compliance Programmes. 


We have experience working with organisations at varying points on their regulatory journey. This means that we have deep insight into the unique risks that face organisations and are positioned to apply best practices and lessons learnt to quickly overcome obstacles and achieve the organisational objectives.


In addition, the core members of Protiviti’s Financial Services practice are former financial institution regulators, financial institution compliance officers, fraud and forensic specialists, and individuals with hands-on experience working in all types of financial institutions.


Anti-Money Laundering/Counter Terrorist Financing

Anti-Money Laundering (“AML”) and Counter-Terrorist Financing (“CTF”) continues to be the number one priority for regulators around the world. As a result, organisations are under increasing pressure to demonstrate progress in their AML/CTF transformation through a combination of practical risk-reducing actions and strategic initiatives.


Protiviti has the experience and expertise to assist organisations in all aspects of AML/CTF Compliance:

  • Design and Implementation of AML/CTF Risk Assessments
  • Programme Development, Implementation and Remediation
  • Lookback Investigations and Customer File Remediation
  • Quality Control and Quality Assurance Framework
  • Transaction Monitoring Programme Design and Assessment
  • Sanctions and client screening (e.g. Negative News, PEPs)
  • Focused AML/CTF Training
  • Independent Testing of AML/CTF Programmes
  • Independent Model Review and Validations
  • General regulatory advice and informal industry benchmarking


Anti-Money Laundering/Counter Terrorist Financing Technology

Protiviti understands the importance of infrastructure and technology within an organisation. Where support tools and systems successfully mirror the business requirements, opportunities for successful execution of business objectives and compliance activities are created. We help organisations create and execute on those opportunities. 


Protiviti has extensive expertise and direct relevant experience in AML and Sanctions technology and models:

  • System Selection, Implementation and Validation
  • Data Source Mapping, Governance, Lineage
  • AML Technology Assessments
  • Governance, Risk, and Compliance Function Integration
  • AML Model Tuning and Threshold Setting
  • Independent Model Validation for all AML and Related Models
  • Data Validation and AML Analytics
  • Scenario and Alert Optimization
  • Transaction Monitoring Model development, Testing, and Supporting Documentation


Anti-Bribery & Corruption ("AB&C")

The combination of a global economy and reliance on third party functions creates growing challenges for AB&C Compliance. It is therefore increasingly critical for organisations to develop ensure their internal controls are commensurate with the risk posed by the changing business and regulatory landscape.


Protiviti has the SME knowledge to help organisations understand where their AB&C risks are and how to effectively manage them:

  • Design and Implementation of AB&C Risk Assessments
  • Third Party Risk Management
  • Tone at the Top
  • Due Diligence Requirements
  • On-going Review and Monitoring Programmes
  • Focused AB&C Training
  • General regulatory advice and informal industry benchmarking