Manage AML risk in an integrated and sustainable manner
Banks and corporates in the financial services sector are operating under a strict regulatory environment that requires them to respond and adapt to known and evolving AML rules and regulations.
Our specialists help clients manage AML risks in an integrated, risk-based, cost-effective, and sustainable manner through review on the AML compliance framework, know-your-client (“KYC”) due diligence process, perform AML/KYC remediation and investigations to meet regulatory requirements.
Range of Services
Perform thematic review to assess efficiency and effectiveness of your compliance framework in identification and monitoring of AML risk in the areas of new account opening, ongoing KYC due diligence review, transaction monitoring and suspicious transaction reporting
Advice banks and licensed corporations with practical solution to mitigate the gap identified through the thematic review
Support banks and licensed corporation to develop KPI and consequence management framework as management oversight on key AML risks
Investigate case to identify issue in their KYC due diligence process and advise management on the remedial action
Provide management support to banks to remediate issue(s) identified by HKMA and SFC or self-identified by management
Support banks and licensed corporation to write AML policy and procedures
Provide AML training to the staff or their clients to increase their risk awareness and how to fulfill the regulatory requirements