Compliance Services and Advisory

We work with you to implement an effective AML/CFT risk assessment framework, including manual, policies, procedures and controls which are tailored to your business. We understand that each organisation faces unique challenges and requires specific AML advice, commensurate with the risks. We will draft or customise any such policy for both financial institutions and Designated Non-Financial Business Professionals(DNFBPs), ensuring that you have effective controls and systems in place, as per the legal requirements. The following is a non-exhaustive list of our compliance consultancy services(black colour)-

Business Risk Assessment

In line with section 17 of the FIAMLA 2002, financial institutions are required to identify, manage and mitigate their ML/TF risks, by virtue of their products and services, location of their clients, manner in which these services are provided, inter alia. Our compliance consultant will conduct a business risk assessment to allow you to determine the inherent and residual risks of your business.

Monitoring Services

We will assess the criteria and processes in place for regular transaction monitoring programme, including but nrot limited to real time, post event transaction, file review and risk profiling of clients.

Client On boarding Services

We can assist you with the development and implementation of client on boarding questionnaire and risk profiling of new clients.

Implementation of your compliance manual, policies, procedures

We will assist you by providing a detailed review of your AML/CFT manual, policies, procedures to ensure that they cover all relevant rules and regulations, relevant to your business.

Risk Profiling and Matrices

We will identify all relevant compliance risks, and test the implementation of your policies and procedures to ensure that the controls are operating effectively to mitigate such risks.

FATCA and CRS Classification and Reporting

We will offer assistance with classification of the entities, for timely reporting to the relevant authorities.