Anti-Money Laundering (AML) & Know Your Customer (KYC)

Our KYC program includes:

  • Assisting with customer due-diligence
  • Customer identification program
  • Regulatory checks
  • Ongoing tracking and monitoring and
  • Periodic risk based monitoring for the institution/entities

Our AML process focuses on:

  • Review of internal processes, nature of services/products, categories of customers and IT systems used
  • Identify areas which are prone to ML risks and assess whether the current controls address the ML risk sufficiently
  • Perform an assessment of available documentation on a sample basis
  • Perform data analysis; retrieve old records through network drives
  • Conduct interviews and discussions with key management personnel, including former management
  • Quantify the amount of misstatement in the financial accounts and identify the scheme of accounting used to conceal the fraudulent manipulation
  • Provide suggestions and assist the client in redefining their access controls for financial and accounting systems and records