AML & KYC

What is it?

Anti-Money Laundering (AML) refers to initiatives to eliminate income-generating practices deriving from illegal activities.  Know Your Customer (KYC) guidelines require an understanding of customers and their financial activity, in order to prevent criminals from using financial services for money laundering purposes.

 

What are our AML/KYC services?

Mitigate your platform’s money laundering and terrorist financing risks and increase your capacity to meet regulatory expectations for reliable programs and controls.  We can help you ensure individuals and entities don’t represent a financial crime risk with the following:

  • Vetting new and existing users

  • Verifying identities

  • Screening against Sanctions, Politically Exposed Persons (PEPs), and adverse media

  • Designing and implementing AML/CFT risk assessments

  • Conducting AML program reviews, independent testing, and AML remediation

  • Advising across AML programs (KYC, CDD, EDD, Sanctions, etc.)

  • Policies and procedures to remain compliant with AML and KYC requirements and regulations

  • Setting sanctions programs

  • AML training and education in matters ranging from Bank Secrecy Act (BSA), OFAC, international regulations (customized in-person & to new employees)

  • Transaction analysis and reviews 

  • AML vendor selection and analysis

  • Integration support with AML technologies

 

How does it work?

We will assess your AML risk exposure and offer customized advisory and next-generation technology to meet your needs.  We direct you toward technologies that are specifically designed for your operations.  Our Subject Matter Expertise encompasses the entire spectrum of AML risks and can help you lay out the strategy best suited for your platform.  That way we can offer you a menu of solutions that together can meet all your financial crime challenges.

 

We can also provide temporary AML staffing in the following cases:

  • Need for expertise in short term projects

  • Need for interim assistance for key staff and management

  • Workload increases that staff cannot manage​

 

252 Nassau Street,

Princeton, New Jersey 08542

+1 (646) 492 -8816

info@ugrconsulting.com    

 

© 2019-2020 by Umbrella Global Risk Consulting LLC. All rights reserved

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