Our Risk Advisory professionals delved into the governance and AML controls that should be in place to combat financial crime risk. Explore our page below to learn more.
In today’s enforcement-minded environment, financial institutions face scrutiny from Regulators and are challenged to demonstrate that the necessary controls are in place to address money laundering and broader financial crime risk.
A critical step for an organization in combating money laundering is to assess its AML Program. This includes measuring the effectiveness and efficiency of the company’s governance and oversight activities, and AML controls. For many companies, comprehensively assessing the AML Program is also an opportunity to identify and correct deficiencies in the existing AML framework and prepare for regulatory examinations.
Conducting a solid AML Program Assessment is a critical step in responding to increasing risks and regulatory expectations.