An Effective, Comprehensive Approach to AML Compliance
Rising regulatory scrutiny and rigorous enforcement have made compliance with AML requirements and related regulations a critical issue for banks and financial services companies. Regulators look closely for evidence of good governance along with strong business processes and controls that will help identify and report suspect activities.
As the regulatory landscape continues to evolve, even banks and financial services companies with strong AML programs need to stay informed on the latest regulatory developments. Failure to comply can expose a bank or financial services company to significant risks including reputational, operational, and strategic risks, not to mention substantial fines and penalties. Moreover, each organization faces its own unique risk profile, making compliance with evolving AML requirements a highly complex exercise – but also an extremely critical one.
How Crowe Horwath LLP Can Help
Crowe helps banks and financial services companies create risk-based AML compliance programs tailored to each organization’s particular risk profile. Drawing on in-depth industry knowledge, comprehensive risk competencies, and teams of experienced technology specialists, Crowe offers highly configurable services and solutions that are as broad or as focused as necessary to meet each organization’s specific needs.