AML Investigations, Compliance and Advisory
With the recent resurgence in regulatory enforcement actions and media focus on anti-money laundering (AML) & sanctions issues, financial institutions are under tremendous pressure to monitor and identiy suspected illegal activity. As a result, many organizations are re-evaluating their AML compliance programs.
Navigant’s AML team include compliance officers, attorneys, bankers, former regulators, prosecutors, law enforcement officers, accountants and information technology (“IT”) professionals. Our professionals bring to bear critical expertise and resources to help clients identify, assess and manage the risks associated with money laundering and terrorist financing.
ANTI-MONEY LAUNDERING, BANK SECRECY ACT & SANCTIONS SERVICES
- Compliance Program and Policy and Procedure Reviews
- Transaction Reviews
- Customer Reviews
- Investigative and Operational Services
- Technological Services
- Training and Quality Assurance
To learn more about all of Navigant's AML related services, click here.
Client Alert - FATF Revises Guidance on AML/CFT and Financial Inclusion
On February 25, 2013, the Financial Action Task Force (“FATF”) released revised guidance regarding anti-money laundering (“AML”) and terrorist financing measures with respect to financial inclusion, which is an effort to include the underbanked.
Manage Risks From Money Laundering and Terrorist Financing
Broker-Dealer AML Transaction Monitoring: The Devil’s in the Details
In this article, Alma Angotti of Navigant Consulting and Daniel Nathan of Morrison & Foerster LLP examine what measures broker-dealers need to take into consideration for their AML transaction monitoring procedures.
Transaction Monitoring Look-back
Navigant conducted a transaction look-back for a global bank that encompassed more than 20 million transactions occurring over a two-year period. We collaborated with the bank and its regulators to identify, develop, and apply money laundering and risk assessments to more than 10 million of those transactions. These assessed transactions were grouped into Navigant’s proprietary case management system, which provided a virtual and real-time workspace for the look-back analysts and the bank. Navigant also developed customized investigative protocols to expedite case review and quality assurance and prepared findings for cases requiring Suspicious Activity Reports (SARs) filings. Consequently, the 20-million-transaction, two-year look-back was reduced to just 5,000 investigative cases. The SAR filings and other dispositions related to those cases were completed in just a few months.