Anti Money Laundering

AML Policy, Program Design and Implementation

A money laundering prevention program is an essential element among the measures that financial institutions must implement to protect their operations and promote trust among their clients and partners. Kroll works with clients to design, implement, and refine comprehensive AML policies and procedures as well as establish an overarching compliance strategy and culture including firm-wide training on AML compliance that reflects the latest regulatory and enforcement trends and industry best practices.

AML Due Diligence

Complying with AML regulations requires taking a risk-based approach towards assessing the risks from doing business with customers and third parties. Kroll offers a broad spectrum of risk-based screening, monitoring, and due diligence solutions that suit the needs of AML compliance professionals. We provide tailored solutions commensurate with the level of risk involved, including: establishing policies, procedures and controls that are designed to detect and report instances of money laundering; client onboarding, and risk scoring; sanctions and negative news screening; monitoring; and open source public records research and enhanced due diligence on higher risk accounts.

Overflow and Outsourced Customer Identification and Verification

There are many advantages to outsourcing portions of your AML compliance program to Kroll. More and more, in-house compliance professionals are faced with internal financial pressures and resource constraints while looking to build an effective and robust AML program. Kroll can help supplement your existing efforts and provide CIP and due diligence solutions capabilities around the world.

Regulatory Investigations

Kroll conducts investigations into alleged violations of key AML legislation like the USA Patriot Act and the Bank Secrecy Act (BSA). This includes allegations of financial mismanagement such as money laundering, internal control lapses and other financial improprieties. Our unmatched investigative capabilities, worldwide presence and long-standing reputation for independence and integrity make us uniquely qualified to resolve regulatory concerns.

AML Remediation Services

Kroll helps clients expertly and efficiently resolve gaps and deficiencies in their AML compliance programs. We offer diligence remediation services to assist our clients with changes in the law and/or internal firm policies. Kroll also offers transactional remediation services, when clients may require a “look back” in order to evaluate in-house performance and compliance.