AML Program Assessment

A Dynamic, Targeted AML Program Assessment

When various events such as regulatory or audit feedback, business or product acquisition, or new business processes trigger the need for improvements to your AML compliance program, the first challenge is often simply deciding where to start. An AML program assessment can help you identify strengths, prioritize enhancements, and develop a road map of targeted improvements.

Crowe Horwath risk consulting professionals – with deep expertise and highly scalable capabilities in AML compliance – can help you assess your entire AML program or a single component of it.

Among the components we can evaluate in a broad AML program assessment are:

  • Enterprise AML risk
  • Model risk management compliance and sustainability
  • Technology assessment, testing, and implementation

Or the assessment can be more narrowly focused on a specific AML function, such as:

  • Design and development of analytics programs
  • Customer due diligence, transaction monitoring, and sanctions models
  • Investigation and enhanced due diligence processes

A Leading Program Assessment Model

Crowe AML specialists have developed a highly effective, flexible methodology that’s been tested and refined in a variety of environments – the Program Assessment and Road Map (PAR). Our program assessment methodology has proven particularly effective as a BSA/AML and sanctions compliance assessment approach.

 
Program Assessment and Road Map (PAR)

A Coordinated Approach to Enhanced AML Compliance

Our risk and banking professionals are recognized both for their in-depth AML and sanctions compliance expertise and their highly responsive approach. Whether you are responding to a specific regulatory action or working to improve the overall effectiveness of your AML program, Crowe can help you move beyond minimal compliance to create a dynamic program that lays out well-defined short- to long-term objectives and tasks.

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Tamara Bowen
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Ralph Wright
Principal