AML and Financial Crimes

Address financial crimes-related threats and regulatory concerns with our team of former regulators and auditors.

Our AML and Financial Crimes practice offers advisory services and solutions to assist financial services firms in addressing financial crimes-related threats and regulatory concerns. Specific areas include AML, Foreign Corrupt Practices Act (FCPA) and Anti-Bribery, and cybersecurity services.

Our solutions

Consulting
  • AML program independent testing and risk management
  • Development of AML and KYC/CDD policies and procedures 
  • FCPA and anti-bribery risk management, and development of policies and procedures 
  • Cybersecurity
Managed Services
  • KYC/CIP full-Service solution
  • KYC/CDD assistance
  • Securities trading suspicious activity surveillance
  • Electronic communication surveillance for bribery, insider trading, and other financial crimes
Technology + Managed Services

Our AML KYC/CIP technology + managed services solution combines our ComplianceAlpha® regulatory technology platform with our on-demand managed services to help your firm meet its data screening, ongoing monitoring, remediation, and reporting needs.

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Latest AML insights

FINRA Releases AML/CFT Priorities

FINRA issued Regulatory Notice 21-36 urging firms to consider how to incorporate the government-wide Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Priorities into their AML programs.

FinCEN Issues AML Priorities

FinCEN published its first government-wide priorities for AML on June 30, 2021. The priorities are intended to assist financial institutions in their efforts to meet obligations under regulations designed to combat money laundering and counter terrorist financing.

AML Update for Investment Advisers

The 2015 FinCEN Proposal and several other financial crime risks make AML relevant for investment advisers and all other participants in the securities and financial industry. This update summarizes key developments in the AML space during the first half of 2021 and how they may impact your firm.

News

ACA Group and Foreside to Join Forces

The merger will bring together two of the industry’s most well-respected GRC solutions providers. ACA and Foreside together will be positioned to transform the future of GRC, creating a world-class platform for the financial services industry.

Michael Borts joins ACA Group as the new Chief Technology Officer

Michael Borts has joined the firm as Chief Technology Officer (CTO) to lead ACA’s technology development, vision, and strategy. In his role, he will oversee all product development for ACA’s award-winning ComplianceAlpha® regulatory technology platform and technology enablement at the firm.

ACA Group Acquires Catelas to Create Industry-first 360 Surveillance Offering

The acquisition of Catelas further enhances the holistic surveillance capabilities of ACA’s RegTech platform. Catelas’ patented technology automates the mapping of how people connect and form groups within a firm, isolates collusion risk, and detects high-risk behaviors.

Upcoming events

Money Laundering Reporting Officer: The Role and Responsibilities - 30 November 2021

The role of the Money Laundering Reporting Officer (MLRO) is a mandatory position in all firms in the Financial Services Industry. This reflects the statutory objective that the Regulator(s) have for ensuring that firms behave with “Integrity”, particularly relating to financial crime prevention. The MLRO therefore plays a significant role in assisting Senior management to ensure that systems and controls relating to anti-money laundering (AML) and countering the risk of terrorist financing (CTF) are appropriate and effective. This course provides practical advice and guidance on the responsibilities of the MLRO, what is expected by the Regulators, both of the Senior Management and the MLRO, and how those responsibilities can be achieved. It should be noted that attendance at this course does assume a good knowledge of the UK’s AML/CTF regulations.

Online Training

Get Your Cyber House in Order

Our speakers will discuss how to tailor your spending and prioritize your budget to meet the needs of your firm and regulatory requirements.

Webcast

Senior Management Obligations under the SM&CR - 1 December 2021

The ever-increasing focus by the Regulators on the accountability of senior management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Managers to have a full understanding of what they need to do to achieve compliance with the rules under the obligations created by the Senior Managers and Certification Regime (SMCR).

Online Training