Assessment / Gap Analysis
• Comprehensive AML risk assessment and identification of vulnerabilities
• Assessing efficiency of AML programs, including KYC/CDD/EDD processes
• Transaction monitoring and sanctions compliance
We analyse existing processes against current legislation, regulatory requirements and industry standards, focusing on proactive prevention and reactive risk management.
Common Challenges Our Clients Have Faced – And We’ve Helped Solve
How to set up AML transaction monitoring?
How to implement a regulator’s findings?
How to resolve outstanding KYC cases?
Are our AML processes robust enough and comparable to the competition?
How to stay compliant with evolving AML legislation?
How We Help
Design / Implementation Support
• Design and implementation of AML procedures, including documentation and control mechanisms
• Help selecting and deploying AML software for transaction monitoring and sanctions compliance
• Optimization of CDD strategies and technology tools for efficient data collection
Training
• Employee AML trainings using real-world cases
• Workshops on investigation of sanction alerts and high-risk transaction assessment
• Raising awareness of regulatory changes and best practices
References
Review of AML Management and Control System
We reviewed AML management and control systems across six banks and composed a final report for the Czech National Bank.
KYC Update Process
After identifying a malfunctioning risk classification system within KYC processes, we helped the client design and monitor a new KYC profile update process, creating an action plan and providing ongoing compliance reporting to the company’s board of directors.
AML Officer Assessment According to EBA Guidelines
We assessed the position of an AML Officer in a bank in terms of the requirements set out by the European Banking Authority, analysing the bank’s current state, performing a gap analysis, and proposing recommendations for improvement.
Analysis of Czech AML Legislation
We performed an analysis of Czech AML legislation for a major global payment service provider, with the goal to assess compliance of internal guidelines with regulatory requirements.
