Anti Money Laundering (AML) Programme Quality Assurance

Client Challenge:​

To support a Tier 1 global investment bank in the execution of a quality assurance review of the implementation of new global policies for Sanctions & AML​

What we did:​​

  • Focus on the full front to back processes and controls supporting Financial Crime, AML & Sanctions​
  • Support discovery process through ‘face-to-face’ interviews with executives and SME experts across 10 countries​
  • Establish holistic assessment of effectiveness of policy implementation cross four business lines in 62 countries​
  • Mitigate/resolve findings raised by independent managers​
  • Qualify self-identified policy gaps for accuracy, reasonableness and completeness​
  • Escalate areas of non-compliance to Line of Business head in global locations

Outcomes:​​

  • Report derived from assurance activity presented to CEO. ​
  • This report covered​:
  • Existing gaps between risk exposure and risk appetite​
  • Propose call to action to close existing gaps​
  • Suggested changes to the existing operating model​

 

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