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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.