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Closed Loop Anti Money-laundering Program (CLAMP™)

Regulatory scrutiny and rigorous enforcement have turned compliance with Anti-Money Laundering (AML) laws into a front-burner issue for financial services companies. Compliance needs to be rooted in each organization’s unique risk profile, and meeting the evolving requirements has become a complex process.

Crowe Horwath LLP helps you establish a risk-based AML compliance program commensurate with your organization’s specific risks. We take into account size, locations, customer base, corporate culture, delivery channels, products, and service offerings.

Crowe’s CLAMP framework offers a best practices approach. CLAMP provides structure to develop a higher level of capability in multiple areas, including risk assessment, risk-based customer due diligence, investigations and reporting, and monitoring of customer transactions.

 

 

 

 

 

 

 

 

 

 

 

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A comprehensive and risk-based approach to AML compliance yields important benefits:

  • Cost-effective compliance with AML laws and regulations;
  • Reduced risk of reputational damage from regulatory action;
  • Increased protection of corporate assets and shareholder value.
Leading financial services companies view AML compliance as an opportunity to expand their knowledge of customers and provide a higher level of customer service.

Crowe’s in-depth industry knowledge and CLAMP framework offer the most comprehensive solution to AML compliance. We bring together an integrated team with expertise in regulatory compliance, enterprise risk management, business process management, customer experience management, and technology systems integration and implementation. Our services help institutions clamp down on money laundering.

 

Trademark 2005. CLAMP and CLAMP AML Framework diagram are protected intellectual property of Crowe Horwath LLP.