Anti-Money Laundering

Continued increases in regulatory scrutiny and rigorous enforcement have turned compliance with the U.S. and global sanctions and anti-money laundering (AML) regimes into a front-burner issue for providers of financial services. Various acts such as The Bank Secrecy Act (BSA), USA PATRIOT Act,
the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, Prevention of Money Laundering (PMLA) of India, European Union AML directives, and guidance from the Financial Action Task Force (FATF) compose a subset of the laws and regulatory guidance governing the global AML environment. These regulations and guidelines require businesses to be vigilant in identifying and reporting suspected money laundering, sanctioned activities, terrorist financing, and other criminal activities.

Our team of AML experts can help you create a risk-based compliance program customized to your organization’s specific needs, which is based on risk profile, business model, geography, customer base, corporate culture, channels, products and service offerings.

Key areas of AML modeling include Customer due diligence (CDD), Suspicious activity monitoring (SAM) ,and Suspicious activity report (SAR) in the accounts and customer categories of the financial services organization.

Core offering in AML using industry leading tools such as SAS, Nice Actimize, Fiserv:

  • Risk Management modeling of CDD, KYC, SAR, SAM

  • AML Analytics and Reporting

  • AML Testing services