ACHIEVING FULL COMPLIANCE
Our Services for Banks, Financial Institutions, and Other Private Sector Participants
- Institutional risk assessment: Based on the revised international standard, many countries now require their financial institutions and designated non-financial businesses and professions to carry out a risk assessments of the products and services offered, as well as the customers and geographic regions served. We assist banks, financial institutions, and other private sector participants in implementing this requirement and to develop risk assessment methodologies that can be used to keep the institutional risk assessment updated for years to come.
- Policy and Procedures Design: Banks, financial institutions, and other private sector participants are required to have in place risk-based internal policies and procedures. We assist institutions in developing policies and procedures that meet the ever increasing demands of national legislation while at the same time addressing the institutions’ needs and reflecting its business culture and profile.
- Training for staff in compliance or audit functions: We provide skills based training to staff of banks, financial institutions, and other private sector participants on preventive aspects of Anti-Money Laundering (AML) and Combating Terrorism Financing (CFT), including customer due diligence, transaction monitoring, suspicious transaction reporting and internal controls and procedures. Our training techniques are designed to convert the theoretic concepts into practical application and to provide your staff with the skills needed to meet the everyday demands of their job.