Strategic support to help you stay ahead of financial crime risks
AML/CFT core services
The risk of non-compliance with Anti-Money Laundering (“AML”) and Counter-Funding of Terrorism (“CFT”) regulations is rising. With increased scrutiny, high-profile fines and a constantly evolving regulatory landscape, businesses are under growing pressure to manage their ML/FT risks more effectively.
Many are still updating internal systems and processes, while already having to prepare for what’s next. In this environment, compliance gaps can easily occur, even in well-resourced teams.
As regulatory expectations grow and reputational risk intensifies, AML/CFT has been pushed to the top of management’s agenda. The reputational threat, and the need for any business to build and retain their customers’ trust, make it crucial to set up and maintain cost-efficient AML/CFT compliance measures and solutions.
How can PwC help?
At PwC, our Financial Crime Compliance team brings together deep technical knowledge and hand-on experience across AML/CFT regulation.
We know that increasing compliance costs are a reality, and we’re focused on delivering solutions that meet local regulatory requirements, while also delivering practical value to your business.
We help organisations proactively manage AML/CFT risks—current and emerging—through services that include:
- AML/CFT Framework
- Remediation Projects
- Independent AML/CFT Tests
- AML/CFT Business Risk Assessment
- Tailored Training and Upskilling
- AML/CFT Regulatory Support and Outsourcing
AML/CFT Framework
Designing / reviewing your internal AML/CFT framework
Creation or review of your AML/CFT policies and procedures
Customer Risk Assessment (CRA)
Jurisdictional Risk Assessment (JRA)
Transaction monitoring
Remediation Projects
- Client onboarding
Customer due diligence / enhanced due diligence
Periodic review
Customer screening
Independent AML/CFT Tests
Once an AML/CFT framework has been set up and policies agreed upon, it is imperative that this is regularly tested to ensure that such policies are being effectively implemented
AML/CFT Business Risk Assessment
- Facilitation or review of data-driven Business Risk Assessment (BRA)
Compilation or review of the Risk Evaluation Questionnaire (REQ)
Tailored Training and Upskilling
Tailored AML/CFT training differentiating between staff, MLRO and Directors
AML/CFT Regulatory Support and Outsourcing
- Ad-hoc regulatory compliance support
KYC outsourcing
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We support vigilance against fraudulent activities in today’s dynamic landscape.
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