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AML Consulting Service

AML Consulting Service

Easily Assess
the ML/TF Risk to Your Business

Work with our accredited consultants to assess the money laundering and terrorism financing risk to your business.

Evaluate risk to your business
effortlessly

Conduct a risk assessment of your business’s intrinsic risk and existing AML/CTF procedures. Receive recommendations for how to handle and strengthen the existing controls.

Cost Effective Service

Access to experienced professionals, at a reasonable price, who can offer guidance on how to reduce your ML/TF risk.

Region Specific

We have a global network of professionals who are familiar with local legislation and will advise you on your relevant AML/CTF obligations.

Tailored Consultation

Each consulting session will be personalised for your business and the products or services you provide.

Comprehensive Framework

Utilise a standardised and systematic process to evaluate your compliance with core AML/CTF regulations.

Residual Risk

Determine your overall residual risk by evaluating how the controls associated with each gap lower the risk level.

Identify Inherent Risks

Determine vulnerabilities that exist within your market, before the implementation of your AML program.

Our ACAMS Certified AML/CTF Advisors

Consult with one of our accredited experts to determine your business’s risk of exposure to money laundering or terrorism financing activities.
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Campbell B.

Campbell is based in Auckland, New Zealand and has over 5 years of project-based experience in the AML/CTF industry. He has held his ACAMS accreditation since 2020 and has worked in various different industries including Finance, Banking, Telecommunications and retail. Campbell is able to perform Risk Assessment Consultations for companies located in New Zealand.

New Zealand
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Carolina C.

Carolina joins our consulting team from Uruguay. She has 2 years of experience in the AML industry. Specialising in the Crypto, Retail, FMCG, Business Intelligence and AI markets. Carolina can provide risk assessment consulting across Latin America with a key focus on Argentina, Uruguay, Mexico, and Colombia.

Uruguay
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Delfina C.

Delfina has 8 years experience with the AML/CTF industry. Joining our consulting team from Uruguay allows her to conduct risk assessments for clients based in countries such as Argentina, Uruguay, Colombia, Chile, Costa Rica, Mexico, Peru, Bolivia, and Paraguay. Delfina specialises in crypto, finance and retail industries. 

Uruguay
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Francois C.

Francois joins our team from South Africa and has over 11 years of experience in the AML/CTF industry. Throughout his career Francois has worked primarily in the Banking and Insurance industry and understands the importance of having the appropriate AML/CTF processes in such heavily regulated industries. He has held his ACAMS certification for over 3 years and is able to perform Risk Assessment Consultations for companies located in Africa.

South Africa
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Sarkis M.

Sarkis has 15 years experience within the AML/CTF industry. Based in Lebanon, Sarkis has worked in a variety of sectors including banking, technology, risk management and compliance. He has held his ACAMS accreditation for over 5 years and can conduct risk assessments across the globe. 

Lebanon
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Tony A.

Tony is based in North Carolina, United States and brings to the table over 10 years of practical experience in the AML/CTF industry. Throughout his career he has worked in various industries with a strong focus on the banking industry in particular; retail, commercial and investment banking. Tony has held his ACAMS accreditation for over 4 years and is able to perform Risk Assessment Consultations for companies based in the USA and UK.

United State

Alan T.

Alan joins the MemberCheck consulting team from Hong Kong. He has over 2 years experience within the AML/CTF industry, holding his ACAMS certification for roughly 9 months. Throughout his career he has worked in various industries with a focus on banking, finance, and industrial. Alan is able to conduct risk assessments for clients based in Hong Kong, Indonesia and Malaysia.

Hong Kong

James C.

James joins our consulting team from India. He has over 8 years experience in the AML/CTF industry. Having worked in a range of industries including, banking, credit, compliance and wealth management. He has held his ACAMS certification for over 2 years, allowing him to conduct risk assessments across the globe.

India
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Laura W.

Based in Wellington, New Zealand, Laura has over 15 years of hands-on experience in the AML/CTF industry. She has worked in a various range of industries including; Banking, Insurance, Asset Management, Financial services and Capital Markets. Laura has held her ACAMS accreditation for over 10 years and is confident in performing Risk Assessment Consultations for companies in the MENA region, India, Australia, New Zealand and the UK.

New Zealand

Sumeer P.

Sumeer joins our advisory team from Sydney, Australia. He has over 12 years of experience in the AML industry and specialises in Funds Management. He has held his ACAMS certification for over 4 years now and is also a Chartered Secretary (Fellow). Sumeer is able to provide Risk Assessment Consultations for companies located within Australia.

Australia

Tamuka N.

Tamuka has over 14 years of experience within the AML industry and is registered as a Barrister & Solicitor of the High Court of New Zealand. Based in New Zealand, Tamuka has worked in a variety of sectors including, Banking, Insurance, Stockbroking, Payment Card Services and Trustee Services. He has recently been awarded his ACAMS certification and is a recipient of the New Zealand Compliance Professional of the Year (2019) presented by the Governance Risk & Compliance institute of Australasia.

New Zealand

The consulting service provides:

The method used to conduct the risk assessment

An assessment of the likelihood and impact of the inherent money laundering and terrorist financing risk
A scale to assess the level of importance for money laundering and terrorist financing risk (low, medium, or high)
The risk associated with your customer types, including politically exposed persons
An assessment of the products and services your business offers and their distribution channels
The nature, size and complexity of your business and any additional risks posed by the industry in which you operate
Platform where you will be able to perform Customer Due Diligence on your clients through our PEP/Sanction and Adverse Media solution

Why conduct an ML/TF risk assessment?

An AML/CTF risk assessment can assist you in identifying vulnerabilities and in developing policies and procedures to mitigate and mange such risks. It is unreasonable to believe that a reporting organisation is completely immune to being utilised for money laundering and/or terrorism funding activities. As such, an organisation should prioritise and evaluate its exposure to ML/TF risk as soon as feasible and establish frameworks for prioritising and monitoring such risk.

How to determine your inherent ML/TF risk?

Develop a risk assessment technique or framework that is suited for ML/TF risk analysis and includes methods for quantifying the probability and effect of ML/TF risk.

Complete the model by populating it with all pertinent risks and their related risk characteristics.

Conduct the risk assessment and check that the outcome is consistent with the model's scoring or ranking procedures.

Once you have identified your inherent risk, you must mitigate it via the use of systems and controls. You can then estimate the remaining risk and manage it using risk management systems and controls.

Continuous risk review

Prior to the launch of any new product, channel, or approach for delivering your service, an evaluation of your ML/TF risk should always be performed.
Apart from routine evaluation of your systems and controls, a variety of triggers may necessitate an immediate review of a product or channel’s ML/TF risk.

Triggers to perform a risk assessment

An increase to your customer base or growth in the use of your product or service.

A change in the volume or values of transactions.

Any significant changes that have been made to your product or service.

Your transaction monitoring identifies unusual patterns.

Your ongoing customer due diligence (CDD) checks show a pattern of unusual activity.

Checks show an emergence of criminal exploitation of a product or service.

External developments that result in the changing of your risk score.

Communications from governing bodies about the ML/TF risk for your industry product or channel.

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Interested in our AML Consulting Service?

Let our ACAMS AML/CTF advisers help manage your risk and provide you with the necessary steps required to mitigate as much inherent risk as possible. Fill in the form and we will be in touch with you.