AML Compliance Gap Analysis

Challenge

AML Compliance GAP Analysis -  An international financial institution under regulatory scrutiny required assistance in managing risks associated with high risk products, clients and geographies.

Solution

Navigant professionals performed a thorough AML compliance gap analysis to assist the financial institution in meeting regulatory requirements and expectations. Navigant was also asked to assess the AML audit program and, as a result, provided significant revisions and improvements, including redefining the laws, regulations, and applicable guidance and enhancing compliance controls and testing procedures.

Impact

The new AML compliance program and enhanced audit plan enabled the financial institution to self-identify and correct new AML issues in regulatory hot-button areas such as sanctions and trade finance.

About the Experts

Back to top