Williams McGuire and its team have assisted over a dozen federally regulated financial institutions (FRFI’s) with their AML compliance, aimed at achieving the Guideline B-8 standard. That assistance has included engagements:
By Chief Anti-Money Laundering Officers
To conduct enterprise-wide assessments of money laundering and terrorist financing risk
To remediate OSFI cited decifiencies
To lead project teams through self-assessments of compliance, as well as money laundering and terrorist financing risks
To evaluate the money laundering risks of contemplated product and service offerings, and to design counter-measures
To evaluate and refine their compliance approaches and documentation
To conduct evaluations of the prospective and current Alternative Financial Service Provider (AFSP) clients
To design client risk rating methodologies
To tune technology and business rules designed for the detection of potentially suspicious transactions, with a view to reducing false positives and increasing detection rates
To train directors on enterprise money laundering risks and compliance responsibilities
By Internal Audit
To perform comprehensive independent compliance effectiveness reviews
To design compliance effectiveness review audit plans
Williams McGuire and its team have assisted over a dozen federally regulated financial institutions (FRFI’s) with their AML compliance, aimed at achieving the Guideline B-8 standard. That assistance has included engagements:
By Chief Anti-Money Laundering Officers
By Internal Audit
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