We are rethinking Financial Crime Compliance
We offer support and advice on the digital transformation of the Financial Crime Compliance Office and processes. Regardless of whether it is about data-driven decision support, Robotic Process Automation (RPA), the introduction of Artificial Intelligence (AI), the selection and use of technology, feasibility studies, strategic transformation or topic prioritization. With extensive Run-Maintain-Change services, we support our customers along their operational compliance processes. Of course, we also provide specialist advice and operational support, from risk analysis to suspicious activity reporting and entity-wide governance.
Our customers benefit from more than 150 years of bundled subject matter and consulting experience having served 1,200+ financial institutions in 100+ countries.
Our expertise
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Anti-Money Laundering & Counter-Terrorism Financing
- Protection against, and identification of money laundering for all industries and segments, including the preparation of Suspicious Activity Reports (SARs)
- Guidelines and best practices from inter-national watchdogs and industry organizations
- New typologies, hidden networks, internal fraud, trade-based money laundering, and money laundering in correspondent banking and trade finance
- Monitoring of sanctions lists in the narrower and broader sense as well as monitoring and analysis of payment flows to identify and stop terrorist financing
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Know Your
Customer
- Identification and management of relationship risks associated with operations and compliance risk management
- Fuzzy and phonetic searches, profiling, identity verification and digital due diligence
- Identification of business partners, related parties, and ultimate beneficial owners
- Linkage to operational onboarding and decision-making processes and fraud prevention
- Process reviews and digitization
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Anti-Bribery &
Corruption
- Compliance management of business partners throughout the lifecycle: from initial screening to continuous monitoring of changes in circumstances to termination of the partnership
- Monitoring of relevant business partner related (data) events and transactions for early identification of "red flags" and fraud risks in ongoing business activities with these third parties
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Leistungsportfolio
Our portfolio
We offer a broad portfolio of consulting services as well as process and technology support to facilitate, automate, and sustainably change the workflow and experience of the Compliance function: from training, health checks, or risk analyses to AI-based data products and compliance bots to governance systems for Corporate or Group Compliance.
We are experienced compliance specialists, intermediaries between specialist departments, but also between companies, auditors, investigative authorities and regulators, change agents and implementation guarantors. We offer our clients not only comprehensive functional, technical and data-driven consulting, but also managed services, value-added governance and independent benchmark services.
Advisory services
- Advisory on building an effective and efficient Compliance factory
- Improving existing software usage via optimization, functional adjustments, health checks, reviews, trainings and workshops
Managed services
- System monitoring, environmental monitoring, and performance monitoring
- Improvement, ongoing business support for risk assessment
- Simplified/enhanced due diligence, and decision support
Governance services
- AML/KYC governance reports, FIU consultations, stress/effectivity reviews
- Forensic investigations, dispute and litigation support (not legal advice)
- CCO advisory services
Change services
- Vendor assessment support for optimal Financial Crime/AML solution selection on behalf of the Compliance organization
- Assistance in RFI/RFP processes, including short-listing
- Maturity reviews and gap analyses
Your benefits
Full service offering from ad-hoc advisory to partial business process outsourcing (‘Compliance-as-a-Service’)
Better, faster and more cost-effective compliance with regulatory requirements through a high degree of automation and the use of economies of scale
Closing the gap between technical and effective compliance, reducing the risk of non-compliance
Compliance governance as a service complementary to existing monitoring systems
Are your risk parameters appropriate?
Automate your backtesting process and validate your system settings.
Compliance Service im Abo
We combine automated processes with expert knowledge - from data selection, through the necessary data quality checks and execution, to evaluating the results and recommending optimal thresholds.
Are you a Money Laundering Officer at a savings bank or
a Compliance Officer at a small or medium-sized bank?
Compliance Service im Abo
We offer straightforward, expeditious advisory services to help tackle bottlenecks or complex issues. We are happy to take workload off your shoulders. That is why we have created Compliance Services by Subscription.
- Taking over daily processing of AML cases, including documentation
- Creating risk analysis with continuous monitoring of changes for periodic updates
- Preparation and submission of Suspicious Activity Reports with ‘goAML’
- Assistance in reassessing and assistance with implementing revised processes due to audit or regulatory findings
- Familiarization of new obligated parties according to the Money Laundering Act (Geldwäschegesetz - GWG)
- Continuous parametrization and fine-tuning of your AML/KYC/Sanctions systems
- Regular analysis of risk parameters for customer risk classification
- Preparation and monitoring of a control plan for AML, KYC, and any other illicit activity
- Regular trainings for employees and Money Laundering Officers
- Point of contact for employees in case of absences or doubtful questions and cases
Are you interested? Would you like to learn more?
Industries
Combating white-collar crime is no longer a problem of the financial sector alone. Whether it is about money-laundering prevention for goods traders, mobile payment systems and bank-related services in telecommunications, or business partner compliance across the industry in general as part of anti-bribery and corruption - we can help you through our experience in the following industries:
Branchen & Regionen
Financial Services
Banks, insurance companies, leasing and collection agencies, money services businesses
Trade
B2C and B2B trading companies
Telecommunications
Network operators
Technology & Services
Software companies and consultancies
Production/Manufacturing
Chemical, pharmaceutical, automotive, metal and mining industries
Healthcare
Health insurance companies, clinics and hospitals
This industry knowledge pays off for you. "One-size-fits-all" approaches are neither operational nor desirable, and are generally rejected by regulators. Moreover, future viability requires looking beyond one's own borders. Numerous new fields of action can be opened up in cross-sector platforms and networks. Together with msg advisors, we develop ecosystems that give your visions thrust.
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