Economic Sanctions
Responding to the evolving scope of sanctions.
Ankura’s economic sanctions team possesses global experience addressing clients’ regulatory and operational issues relating to managing sanctions risk. Our professionals approach our clients’ challenges utilizing the latest technologies, deep subject-matter, geopolitical and operational experience, and expertise across the financial services and other impacted industries. We apply our experience from both in-house and consulting backgrounds to develop the most efficient and cost-effective solutions. Our experts have experience with approaching economic sanctions in America, Europe, Middle East, and Asia.
Solutions:
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Lookback Reviews
- Internally or externally initiated transactional reviews
- Leverage analytics & data strategy solutions
- Assemble and manage teams of sanctions analysts, covering specific areas of product and geographical expertise
- Perform case investigations for final determination of violative activities and associated reporting
- Review conduct of senior management, leveraging eDiscovery and artificial intelligence (AI) solutions
- Interface with relevant regulators, outside counsel, and senior management
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Independent Controls Testing
- Data selection, mapping, model validation, and filter program assessments (NYDFS Part 504)
- List management
- Evaluate rules-based and probability-based matching technology (tuning, testing, and documentation)
- Management information (MI) review and development
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Remediation Programs
- Policies and procedures
- Quality assurance programs
- Investigative process and incident management
- Governance and compliance reporting
- Client account related
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Analytics & Data Strategy
- Deep financial services and operational systems scoping capability
- Proprietary messaging parsing, processing, and matching solution, including stripping assessments
- Advanced analytical nexus matching methodology
- Robotic process automation (RPA) driven due diligence
- Perform systematic and automated testing of compliance controls
- Deploy interactive visual dashboards, automate reporting, and leverage case management solutions
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Monitorship & Independent Oversight
- Serve as primary monitor for regulator mandated monitorship
- Assist legal team with subject-matter expertise and execution of required fieldwork including:
- Lookback
- Rules testing and tuning
- Quality assurance
- Conduct independent audits
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Compliance Program Enhancement
- Compliance risk and controls assessments
- Compliance program and enhancements design
- Program and enhancements implementation and optimization
- Internal audits, investigations, and reviews
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