Financial crime and sanctions

Financial crime and sanction are amongst the most major if not the major risk for banks and the financial sector given the major financial and reputation risk of any breach in this area. With the introduction of the 4th AML directive regulators are reinforcing the responsibility of financial institutions and pursuing the shift from a rule based approach to a risk based approach. 

Avantage Reply has a strong understanding of the requirements and is well placed to help financial institutions navigate the challenges posed.

Avantage Reply can provide a wide range of financial crime and sanctions initiatives within a number of areas:

• Know your customer;
• Transaction Monitoring;
• Implementation or reinforcement of a risk based approach;
• Ex ante transaction monitoring (sanctions);
• Ex Post transaction monitoring (anti money laundering);
• Financial Crime and sanction audits.

We are also able to offer the expertise in digital, technology and data. Our distinct multi-disciplinary approach helps our clients face both IT and compliance challenges with a pragmatic and risk-based approach designed to achieve a robust, defendable solution that protects the firm’s reputation.

OUR SERVICES

Financial crime and sanction:

• Gap analysis;
• Remediation plan;
• Seconding Subject Matter Experts and Project Manager to deliver alongside clients' in-house teams;
• Performing sanction name matching performance;
• Performing or reviewing end to end Financial crime framework;
• Drafting or reviewing Financial Crime framework.

We are also able to offer deep expertise in digital, technology and data. Our distinct multi-disciplinary approach helps our clients face both IT and compliance challenges with a pragmatic and risk-based approach designed to achieve a robust, defendable solution that protects the firm’s reputation.