U.S. Financial Crime Advisory

We are seasoned compliance, audit and regulatory professionals with extensive experience in designing, implementing, evaluating and remediating BSA, AML and OFAC compliance programs to comply with domestic and global requirements.
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US Financial Crime Advisory
Hear from Giles Derry, President of Kroll's Governance and Risk Advisory practice, on why we conducted a global survey on economic, crypto and ESG crimes to gain insights into the current financial crime landscape.

In today’s complex environment, companies face unprecedented challenges in preventing financial crime—a shifting regulatory landscape, market volatility and economic uncertainty to name a few. Criminals continue to adapt to and exploit the potential of digital technology, digital currencies, open-market dynamics and borderless transactions for nefarious ends. In turn, enforcement authorities are responding by increasingly using anti-money laundering (AML) measures and economic/trade sanctions as key tools to combat terrorist financing, drug trafficking and other illicit activities. These ongoing changes make the already difficult job of financial crime detection and prevention infinitely more challenging.

Now, more than ever, all organizations—not just traditional financial institutions—need robust and flexible financial crime solutions to navigate this increasingly treacherous terrain.

Kroll’s new U.S. Financial Crime Advisory team is tailor-made to help clients meet financial crime challenges head-on with agility and efficiency. Our team of financial crime experts has broad financial services experience across various organizations. This includes:

  • Banks
  • Broker-dealers
  • Cryptocurrency firms
  • Money services business (MSBs)

  • Fintech firms
  • Asset management firms
  • Trust companies
  • Financial market utilities

Our team also includes former U.S. financial services regulators and law enforcement professionals. These experts have served as independent monitors for global financial institutions as part of their settlements related to AML and sanctions enforcement actions. Their experience includes:

  • Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC)
  • Working under the Federal Reserve Board (FRB)
  • Assisting clients in complying with New York State Department of Financial Services (NYSDFS) enforcement orders
  • Collaborating with the Financial Crimes Enforcement Network (“FinCEN”) and the Department of Justice (DOJ) in deferred prosecution agreements
U.S. Financial Crime Advisory Services
  • AML and sanctions risk assessments
  • AML and sanctions model validation, tuning and testing
  • Know your customer (KYC)/customer due diligence (CDD) remediation/enhanced due diligence (EDD) reviews
  • Independent consultancies and monitorships
  • AML and sanctions program reviews
  • Independent testing
  • Transaction monitoring program design and implementation
  • AML and sanctions training
  • Historical transaction reviews
  • Managed services
  • Casino and online gambling compliance
  • Compliance data integrity/architecture reviews
  • Fintech advisory

Frequently Asked Questions

At a minimum, an effective financial crime program should encompass enterprisewide governance, a comprehensive and cohesive risk control framework, adherence to stringent data quality standards and the integration of risk intelligence and vendor risk management. As control weaknesses or compliance issues are identified, policies should ensure prompt escalation to senior management for resolution. While perfection is not a realistic goal, the prompt identification and mitigation of risk issues most certainly is.