AML Compliance

Understanding the principles of financial crime and money laundering

Analyzing predicate offenses, proceeds of crime, concealment, and the mental element of money laundering

Identifying serious crime, threshold approaches, dual criminality, and unwelcome money

Detecting and preventing cuckoo smurfing and money mule activities

Recognizing typologies of terrorism financing and proliferation financing

Analyzing real-life money laundering cases and typologies

Applying a risk-based approach to AML compliance

Implementing automated customer risk rating models

Monitoring transactions for suspicious activities and AML compliance

Preparing a Geographic Risk Index (GRI) covering money laundering, terrorism impact, sanctions, corruption, and financial secrecy risks

Conducting KYC analysis and reasonableness tests for customer due diligence

Detecting Politically Exposed Persons (PEPs) through screening, risk assessment, classification, and declassification

Identifying Ultimate Beneficial Owners (UBOs) with detailed compliance frameworks

Developing compliant online customer onboarding processes, including digital identity and eKYC

Building transaction monitoring systems (TMS) and risk rating tools using AI and automation

Understanding virtual currencies and virtual assets and their associated financial crime risks

Assessing the impact of Fintech on financial crime prevention, including challenges and opportunities

Identifying key money laundering risks in the financial sector, particularly in banking and securities

Recognizing money laundering risks in non-financial sectors, including real estate, precious metals and stones, legal and accounting services, trust and company service providers, casinos, charities, and non-profits

Understanding the international AML compliance framework, including FATF, Basel Committee on Banking Supervision, Wolfsberg Group, US AMLA 2020, and EU AML Directives