AML/CFT
Anti Money Laundering & Combating Financing of Terrorism (AML/CFT)
Combating money laundering and financing of terrorism has become a big policy concern at international and national level due to its ill-effects on socio-economic development and in achieving UN Sustainable Development Goals 2030. Countries are required to understand the ML/TF risks they are facing and to develop, and/or strengthen, their AML/CFT regime accordingly to effectively tackle these risks. Consequently, both public and private institutions are required to implement a number of measures that are sufficient to comply with their AML/CFT obligations. Our expertise in this field supports both public and private institutions to ensure compliance with the required international standards and national law and regulations.
Risk Assessment Support for Money Laundering/Terrorist Financing
Our Key experts in the AML/CFT field are specialised in conducting/assisting with
Our company offers expertise in this field to both public and private institutions to ensure compliance with international standards and national laws and regulations. Our key experts in anti-money laundering and countering financing of terrorism are highly specialized in conducting and assisting with:
National risk assessments
Sector-specific risk assessments
Institutional risk assessments
National anti-money laundering and countering financing of terrorism strategies and action plans
Designing, drafting and reviewing guidelines for the implementation of a risk-based supervisory approach
Drafting and reviewing anti-money laundering and countering financing of terrorism legislation, regulations, policies and supervisory manuals
Establishing laws, regulations, and mechanisms for ensuring transparency of beneficiary ownership, including technical assistance in establishing a beneficial ownership register
Developing anti-money laundering and countering financing of terrorism policies and procedures at the institutional level, including customer due diligence and transaction monitoring
Providing practical and tailored training programs for regulators and reporting entities.