AML & CTF

Risk Assessment, Governance, and Policy Framework

01

FCG has a method to identify and analyze business risks in order to create understanding and establish risk-based and operational measures and routines. We use a methodology for the general risk assessment which is based on a threat and vulnerability analysis which considers a company’s business, current information, and other available sources of methods and trends.

GAP Analysis and Second Opinion

02

FCG evaluates your company’s risk management system with the aim of identifying and providing suggestions on how efficiency can be increased. Our methodology for evaluation puts risk management, process outcome, and internal regulations in focus. The analysis starts with a risk-based approach and focuses on the company’s ability to identify, measure, and manage risks and may relate to the company’s overall measures against money laundering and terrorist financing, or a limited part of the system. The result is a solution-oriented action plan focusing on increasing efficiency.

Implementation – Strategic Advice and Change Management

03

FCG leads programs or projects to implement or improve anti-money laundering. Terrorist financing processes are complex and require expert knowledge of risks, process development, governance, and control methods, investigative methodology, IT infrastructure, data quality, system support, and regulatory frameworks.

The key to success is a holistic approach to the collaborative parts of the system and the ability to establish the right priorities and make the right decisions early on.

What can FCG do for you?

Governance and organization
Project management and staffing of projects
Strategic advice
Control, routine, and process documentation
Requirements and implementation of system support
Education of staff, management and the board of directors

Preparation

Evaluation/pre-study
Project planning
Prioritization
Requirement status
Education

Implementation

Project and change management
Staffing of projects
Implementation of processes and system support
Modeling
Regulatory support

Modeling – Risk Rating and Transaction Monitoring

04

We have valuable experience in modeling and advanced analysis in various areas such as credit risk, market risk, business-oriented analysis, etc. Combined with our knowledge of risks related to money laundering and terrorist financing, FCG can offer advice and tangible help with analysis and modeling to streamline the risk classification of customers and regulation within transaction monitoring.

FCG can also assist with analyses of customers, transactions, etc. to help companies obtain relevant data for risk assessments and other forms of risk management.

AML Tech

05

FCG is currently developing system support that integrates the automated parts of the anti-money laundering and terrorist financing efforts.

FCG’s system support creates a common platform for KYC data, risk modeling, and transaction monitoring, and also provides analytical tools for standard reports for external and internal reporting or targeted analysis of customer segments, transaction types, etc.

The system has functionality for handling alarms from transaction monitoring, but also provides signals to the business in the case of insufficient customer due diligence, change of benefitting owner, changes of domicile affecting the risk with the customer, and other risk-driving circumstances.

With FCG’s system support, companies can devote time and resources to proactive risk management rather than merely reacting when money laundering or terrorist financing has already taken place.

Want to know more?

Ronny Gustavsson

Director & Head of AML

GRC Advisory

+46 73 428 24 18

ronny.gustavsson@fcg.se
Henrik Nilsson

Partner, Head of GRC Advisory Sweden

GRC Advisory

+46 76 635 19 37

henrik.nilsson@fcg.se

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