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  • Regulatory

    AML & CFT Analysis and Strategy

AML & CFT analysis and strategy

Our consultants have worked with regulated service providers and competent authorities in a variety of jurisdictions regarding AML (anti money laundering)/CFT (combating financial terrorism) analysis and strategy including cross-jurisdictional arrangements and group structures with responsibility for a patchwork of local requirements.

Customer onboarding and AML measures are a significant burden in terms of both time and cost to a business - particularly when factoring in risk assessments (at enterprise, AML, or customer level) and maintaining, monitoring and updating the associated records. Many electronic ID solutions are available however it is important to ensure that CDD is properly captured on complex structures and that the client profile holds all necessary information.

Understanding the AML risks presented by your client base is vital for both the business and the regulator -particularly given increasing reporting requirements and evidencing rationale behind decisions made.

We provide technical AML advice and strategy at all levels from granular assessment of a specific customer structure to a managed service relationship within a regulated business (such as a fund, ICO or family office arrangement) up to the regulated business itself, including analysis of disparities between group and local jurisdictional requirements.

Existing enterprise software and systems often can capture fundamental information however the true potential is often not harnessed due to disparate customer data sources and isolated excel spreadsheets.

Our subject matter experts, combined with BDO Advisory’s multi-disciplinary approach, uniquely position us to assist in your development - ensuring AML obligations are fulfilled and that data is organised, accurate and easily interrogated. Our blend of IT, regulatory and governance personnel are experts in developing and delivering technology solutions, visualisations, and real time reporting to your governance framework.