To identify, monitor, report and prevent money laundering activities, organizations must adopt an approach consisting of an enhanced, enterprise-wide program of controls, processes and systems. Taking a focused approach can save cosiderable time, effort and cost, and may increase return on investment. It can also increase the likelihood of detection, promote stronger compliance, and reduce the risk of loss and damage to a company’s reputation and its most precious asset of all - its people.

Deloitte Anti-Money Laundering practice follows an enterprise-wide approach to managing money laundering risk. This approach enables clients to manage their risk across lines of business and in multiple jurisdictions, while helping meet the expectations of local regulators, shareholders, employees and other stakeholders. The eight pillars of the approach include:

• Setting the tone at the top
• Establishing enterprise-wide policies and procedures
• Maintaining a strong control culture
• Designating the AML Officer
• Promoting good intelligence and communication
• Executive and employee training
• Monitoring and testing compliance
• Leveraging technology solutions