The challenge of implementing AML and CFT requirements is to reconcile regulatory compliance while maintaining a competitive position in the market. Our team has developed comprehensive experience acting for obligated institutions in various sectors, including guiding them during regulatory inspections and representing them in administrative proceedings. We shape and lecture in AML post-graduate programs.
What we offer
- Comprehensive implementations and audits of AML systems, leveraging practical, hands-on experience during supervisory inspections and market benchmarking. Our AML risk assessment matrix has become a market standard.
- Providing opinions on AML issues, including recommendations to optimize, simplify and streamline policies, processes and guidelines.
- Assist in Polish AML Regulator GIIF inspections and proceedings.
- Ongoing expert support in the execution of AML obligations and implementation of selected financial security measures.
- AML outsourcing for non-banking obliged entities
- Training for executives, supervisory board members, internal AML departments, other employees of obliged institutions.
Selected experience
- Implementations of AML systems in accordance with the requirements of the Polish AML Act (including the EU AML Directives 4 and 5) in dozens of banks, payment institutions, lending institutions, investment funds, brokerage houses, accounting / tax / consulting firms, postal operators, including designing and drafting procedures, designing customer risk assessment process, application of financial security measures, proportionally and in accordance with the specifics of the given obliged institution, as well as preparing the institution's risk assessment and staff training.
- Comprehensive compliance audits, including prior to a planned GIIF inspection.
- Opinions on compliance of remote identity verification, financial security measures in products, rules for determining beneficial owners, AML outsourcing.
- Risk assessments for large and medium sized institutions.
- Dozens of training courses for boards of directors, supervisory boards, internal AML units and other employees of mandatory institutions.
- Represent and support during inspections by supervisory authorities and during administrative proceedings before the GIIF and MF.
- Outsourcing ongoing AML obligations to non-bank obligated institutions.
Reputation
- We wrote the highly praised "Practical Guide to Countering Anti-Money Laundering and Terrorist Financing", the first book on the new Polish AML Act of 2018 [„Przeciwdziałanie praniu pieniędzy oraz finansowaniu terroryzmu. Praktyczny przewodnik", Wolters Kluwer Polska, 2018].
- We shape and lecture in AML post-graduate programs.
- We regularly publish and speak at industry conferences on AML issues.
