THE AML COMPLIANCE SOLUTION
COMPLIANCE RISK GROUP delivers comprehensive consulting from a group of professionals with advanced degrees with excellent communication and writing skills. We learn financial institutions quickly and instantly improve the Client’s Compliance and AML Program.
ENSURE ADEQUATE POLICIES AND PROCEDURES
After a clear understanding of the organizational structure of the client, COMPLIANCE RISK GROUP performs an initial assessment of all policies and procedures to ensure all rules and regulations are addressed, and there are no gaps based on the institution’s lines of business.
PERFORM GAP ANALYSIS
Once gaps are identified, issues are quickly remedied and updated accordingly in the respective policy or procedure. Changes are clearly communicated throughout the organization and training is performed as needed.
CONDUCT AML TESTING
Compliance and AML Testing is essential to determine whether procedures are effective and efficient. The Compliance and AML programs must be supported by testing which can minimize audit issues and improve the reputation of the Compliance and AML department.
COMPREHENSIVE FEATURES FOR AML COMPLIANCE
Anti-Money Laundering Services
COMPLIANCE RISK GROUP’s consultants provide a wide array range of consulting services that are designed to apply Compliance and AML consulting solutions to various organizational structures, business lines, geographic markets, and regulatory situations. We believe in being preventive in our approach by creating best practices and thinking outside the box rather than reactionary remediation.
AML Operations, Investigations & Remediation Services
Transaction Monitoring Scenario Review
Customer Due Diligence
High Risk Account Enhance Due Diligence
International Enhanced Due Diligence (Background/Reputation, Source of Wealth, Beneficial Ownership, PEPs, and Patriot Act Certificate Review)
Look-back of Transactions
Customer Identification Program | Know Your Customer | Customer Due Diligence | Remediation
AML Risk Advisory & Consulting Services
AML Program Methodology & Implementation
AML Risk Assessment
AML Metrics & Reporting Design
Merger | Acquisition Due Diligence and Reputation Risk Assessment
Customer Risk Assessment Model Design or Review
Customer Risk Rating Assessment and Review
Program Examination, Testing, Remediation
Regulatory Enforcement Order Remediation
Independent AML Program Audit & Testing
Offshore Bank AML Reviews for US Counterparties
AML Exam Action Plan Management & Tracking, Execution and /or Response
Program Component Enhancement
Offshore subsidiary KYC File Review
OFAC Program Review
Account Opening and Renewal Process Design & Standards
Policy & Procedure Development | Implementation | Review
Management & Employee Training Design and/or Delivery
File Review Procedures & Templates
RFI Process Design, Procedures, & Metrics & Reporting
QC & Testing Program Design
SAR Workflow, Quality, & Data Analysis