AML and Financial Crime Prevention

The financial services sector is working hard to manage risk connected to AML and financial crime.

Our dedicated specialists support you in the work against financial crime with our experience of proactive risk management and methods.

AML and Financial Crime Prevention

The financial services sector is working hard o manage risk connected to money laundering and terror financing, bribery and corruption, international sanctions, and fraud. Organizations, governance, routines, processes and systems are all under scrutiny.

It is difficult to keep up with the changing regulatory requirements, the changing methods of the criminals and the technical and organizational development in the area.

We as dedicated specialist consultants can make your company more efficient in the work against financial crime with our extensive experience of implementing proactive risk management and methods.

Anti-Money Laundering and Counter Terrorist Financing

Money laundering and terrorist financing is one of the most difficult challenges in recent years in the financial industry. We as specialized consultants have both experience and knowledge to review your company’s need for risk-based measures to be able to meet the increasing demands in the area.

We can provide you with methods to identify and analyze business risks to establish risk-based and operational measures and routines. Our methodology for evaluation focuses on risk management, process outcome, and internal regulations.

The result is a solution-oriented action plan focusing on increasing efficiency. We have comprehensive experience of implementing methods, solutions and processes and know what the leading industry practice is.

For instance, we can help you with best practice within KYC-questions, risk classification of customers, scenarios in transaction monitoring and fuzzy matching in screening.

We help you with:

  • Reviews of your current AML governance framework, organization, policies, systems and procedures based on regulatory compliance and efficiency
  • Implementing the industry leading model how to assess money laundering and terrorist financing risks
  • Advice on how to implement  an efficient organization, governance structure and processes
  • Expert support to Compliance or Internal Audit in their reviews / audits
  • Independent validate risk models
  • Expert opinion how to best operate AML-systems (KYC, Risk Rating, Transaction Monitoring, Screening)
  • Analyzing data and creating models to improve and streamline risk-based measures

When partnering woth us, you will gain:

  • Access to our comprehensive experience and knowledge  to manage AML-programs and projects
  • A holistic approach to the collaborative parts of the processes and the ability to establish the right priorities and make the right decisions early on
  • Access to our extensive experience in modeling and advanced analysis in various areas such as credit risk, market risk, etc., which gives us an advantage when building efficient AML-models
  • Access to our best industry practice and can therefore evaluate your AML-systems with the aim of identifying areas where efficiency can be increased

Anti-Bribery and Corruption, ABC

The changes in government, industry, public and media attitudes toward bribery and corruption have led to demands for openness and zero tolerance for such acts in the financial industry.

We have built a knowledge base of how to secure and implement the necessary procedures and systems to prevent it. We do this by reviewing your company’s business and the riskenvironment in which the company operates.

Through our methods of assessing the risk of employees, agents, customers or suppliers exposing your company to corruption or bribery, we set up processes and systems that can effectively detect and counteract such crimes.

We help you with:

  • Reviews of your current ABC governance, organization, policies, systems and procedures based on regulatory compliance and efficiency
  • Designed ABC policies and procedures appropriate to your business
  • Independent assessments of your company’s risk of bribery and corruption
  • Training of your staff covering ABC awareness, obligations, processes and risks
  • Designing and developing monitoring programs to cover ABC

What you gain:

  • Access to our extensive knowledge on how to secure and implement the necessary procedures and systems to prevent corruption and bribery
  • Access to our broad experience in training staff to become aware of the risks and consequences of corruption

International Sanctions Management

Sanctions compliance is an increasingly complex task requiring dedicated resources and procedures.

We have good knowledge of how companies can best manage international sanction regulations and how to adjust screening and monitoring systems. Our consultants have extensive experience of the regulatory environment for international sanctions from the EU, USA, UK and other jurisdictions.

We help you with:

  • Assessments of your exposure to international sanction regimes
  • Expert advice on the current sanction regimes and how to prevent sanctions infringements
  • Industry leading policies and procedures specific to your business activities
  • Knowledge how to adjust screening and monitoring systems
  • Training your staff on regulations, operation models, investigations et al

What you gain:

  • We have a good understanding where your business is subject to sanctions risk and can therefore help you develop appropriate policies, procedures, and systems
  • We train your staff to remain aware of their obligations so they will know how to protect your company from reputational damage, financial penalty, restrictions in business permissions, or possible criminal charges

Fraud Management

To prevent your company and your customers from being affected by fraud, we have the knowledge to help you set up risk-based routines and processes that are based on your company’s risk environment.

There are different forms of fraud, externally and internally, that can affect your business and different strategies are needed to address these threats. All financial companies suffer from fraud, so it is a matter of acquiring a sufficiently good organization, routines, processes, and systems to be able to handle these.

Knowing how to investigate, determine and act on fraud is crucial for a well-functioning organization and we can help you improve your organization’s abilities to handle this.

We help you with:

  • Risk assessment of your exposure to fraud
  • Advice on how to create the most efficient organization possible to detect and handle fraud
  • Industry leading policies and procedures specific to your business activities
  • Expert opinion how to best operate your anti-fraud systems
  • Training of your team on anti-fraud investigations and the regulations that apply to your business

What you gain:

  • We will advise you on which form of organization that is most efficient to mitigate fraud risk and which systems that are most suitable to invest in.
  • We have the experience to conduct a risk assessment of your company’s operations to achieve the most cost-effective solutions for dealing with fraud.

Client stories

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